Millennials are buying homes at a lower rate than generations before, with high housing prices, the lack of entry-level homes, and the dearth of new builds particularly impacting millennials.
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min )
Copyright is the exclusive right that the owner of an intellectual property has to that property. It protects a creator's work from unauthorized duplication or use.
( 22
min )
Internal rate of return (IRR) and return on investment (ROI) are two popular ways to measure the success of investments. Learn the differences between them.
( 23
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Learn how a simplified employer pension (SEP) IRA works. Find out who qualifies to participate and what advantages it offers for retirement planning.
( 25
min )
A Hanging Man pattern is a candlestick pattern that hints at the reversal of an uptrend and is used by investors to make trading decisions.
( 25
min )
Checking accounts can become negative if you have an overdraft protection program without fund transfer capabilities, but the consequences will be costly.
( 25
min )
Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,
( 32
min )
A retainer fee is an amount of money paid upfront to secure the services of a lawyer, consultant, freelancer, or other professional.
( 20
min )
A bank reconciliation statement summarizes banking activity, allowing individuals and companies to compare their own records with the bank’s records.
( 24
min )
The Hersey-Blanchard Model suggests there is no single leadership style that is better than another.
( 19
min )
When scanning the financial advisor landscape, a financial advisor and a financial planner are both very broad categories. Here are the differences.
( 24
min )
A chart of accounts (COA) is a document that organizes a company’s financial transactions by category and line item to make accessing financial information easier.
( 24
min )
Control of well insurance covers some or all of the costs associated with a well blowout.
( 20
min )
Cemex, Albermarle, and Snowline Gold lead for value, growth, and momentum, respectively.
( 22
min )
Screening at the Tribeca Film Festival June 2023, the documentary follows the multi-million dollar rise and fall of crypto-influencer Glauber Contessoto.
( 17
min )
Delisting is the removal of a security from a stock exchange.
( 24
min )
Understand how to calculate the internal rate of return (IRR) in Excel and how it's used to determine anticipated yield per dollar of capital investment.
( 23
min )
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Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,
( 32
min )
Robert Cohen says the SEC's selective enforcement is having a "real impact on real people and real businesses.”
( 6
min )
Saving for retirement is one of the most important parts of securing your financial future. While programs like Social Security can help, they often aren't enough on their own. This is why it is crucial to have retirement savings of … Continue reading → The post How Long Will $800,000 Last in Retirement? appeared first on SmartAsset Blog.
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When you leave a job where you had a 401(k) it's important to understand what your options are for rolling over your tax-advantaged plan. Cashing out is another option but can result in significant taxes. Many choose to roll their … Continue reading → The post How to Roll Over Your 401(k) Into An Annuity appeared first on SmartAsset Blog.
( 13
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Forget investing in infrastructure and earning a regulated rate of return. The utility business is getting more complicated, which creates opportunities.
( 22
min )
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Cemex, Albermarle, and Snowline Gold lead for value, growth, and momentum, respectively.
( 22
min )
(Bloomberg) -- Smaller coins led a crypto selloff as a Securities and Exchange Commission crackdown on key digital-asset exchanges unnerved investors.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareDonald Trump Charged in Florida Over Secret Documents CaseTrump Tried to Hide Documents, Share Secrets, Indictment AllegesTesla Set for $3 Billion Boost From Ford, GM Charger DealsTokens including Sola
( 7
min )
TreeHouse Foods is the only major publicly traded pure play on increasingly popular private-label food products. The stock is cheap—but it might not stay that way for long.
( 22
min )
(Bloomberg) -- A concrete expanse the size of Monaco jutting off China’s southern coastline is the imposing centerpiece in Beijing’s efforts to slow its growing dependence on imported oil.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareTrump Tried to Hide Documents, Share Secrets, Indictment AllegesDonald Trump Charged in Florida Over Secret Documents CaseTesla Set for $3 Billion Boost From Ford,
( 8
min )
(Bloomberg) -- After being wrong-footed by a $1.5 trillion rout in Chinese stocks, some of Wall Street’s biggest banks are coming around to a less optimistic consensus. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareTrump Tried to Hide Documents, Share Secrets, Indictment AllegesWhat Trump’s Indictment Means for His 2024 Presidential Run
( 7
min )
Energieprijzen dalen weer en vaste contracten zijn terug: tijd om energieleveranciers met elkaar te vergelijken. Maar als je veel zonnestroom opwekt, zijn niet alleen de tarieven belangrijk. Je kunt ook besparen via de terugleververgoeding.
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min )
De Duitse wapenfabrikant Rheinmetall verwacht de komende jaren flink meer waard te worden. De oorlog in Oekraïne zorgt voor een grote vraag naar munitie en pantservoertuigen, waardoor het bedrijf vorig jaar recordresultaten boekte. Volgens topman Armin Papperger kan de beurswaarde van Rheinmetall stijgen van 10,5 miljard euro naar 17 miljard euro.
( 3
min )
Een gebrek aan geschikt personeel kan de veiligheid in de luchtvaart dit zomerseizoen onder druk zetten. Daarvoor waarschuwt de Europese luchtvaartautoriteit EASA in een onlangs gepubliceerde veiligheidsupdate.
( 3
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May saw a narrow group of large-cap techs continue a rally driven by artificial intelligence, while the rest of the market worried about debt default. But June saw a big reversal: a debt deal and fading AI mania, and small-caps on top—for now.
( 22
min )
Restaurant chain is the latest company to face backlash from some conservatives for supporting the LGBTQ+ community.
( 6
min )
A bankruptcy judge rejected 3M’s use of chapter 11 to resolve the largest mass tort case in U.S. history, dismissing a “fatally premature” bankruptcy case filed by its military earplug manufacturing unit.
( 25
min )
There has been some debate about how long Molson Coors’ brands can benefit from the Bud Light brouhaha.
( 22
min )
(Bloomberg) -- The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year.Most Read from BloombergJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareOdey Sacked From His Hedge Fund Firm After Assault AllegationsCrypto Weekend Slump Compounds Jitters of Investors Already on EdgeAmericans
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(Bloomberg) -- Markets, Boaz Weinstein said this week, are “constantly wrong.” Telling which one is most astray right now has become the big challenge for investors facing conflicting signals across asset classes.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayRussian Elite Is Souring on Putin’s Chances of Winning His WarWhat Trump’
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Here’s our weekly roundup of the week’s most-read articles at Barron’s Advisor.
( 22
min )
Former Palo Alto Networks CEO Mark D. McLaughlin just bought $300,000 of shares of cloud-software firm Snowflake.
( 22
min )
Piper Sandler analyst Rob Owens raised his ServiceNow price target to $600 from $525 and reaffirmed his Overweight rating on the stock.
( 22
min )
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
( 7
min )
(Bloomberg) -- Bank of America Corp.’s Savita Subramanian is not only calling a formal finale to the bear market that has plagued US stocks, she’s also saying equities have room to keep rallying.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsJeff Bezos Has Gained $10 on Mystery Purchase of One Amazon ShareTrump Tried to Hide Documents, Share Secrets, Indictment AllegesDonald Trump Charged in Florida Over Secret Documents CaseTesla Set for $3 Billion Boost Fro
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min )
The remote work trend has experienced an unprecedented surge in recent years. Workers enjoy the flexibility in managing their schedules and reduced commuting stress while companies get access to a broader talent pool as they can hire people from anywhere in the world. But former PayPal Holdings Inc. executive David Sacks is not a fan of work-from-home (WFH) policies. “It’s time to admit that remote work doesn’t work,” he said in a recent tweet. “WFH Friday is a four-day work week. Full WFH is a
( 9
min )
The auto maker caught a downgrade earlier in the week because competition will make life difficult for the start-up.
( 22
min )
(Bloomberg) -- Beyond Meat Inc.’s 20% jump Thursday stung traders betting against the fake-meat company and set them up for a short squeeze that could lead to even steeper losses. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayRussian Elite Is Souring on Putin’s Chances of Winning His WarWhat Trump’s Indictment Means for His 2024 P
( 7
min )
A new bull market for the S&P 500 has started. Investors don't want to miss out on bigger gains ahead.
Various sentiment measures suggest investors are warming up to the stock market again.
The share of individuals [who say they are bullish](https://www.wsj.com/livecoverage/stock-market-today-do
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There’s more to a stock’s cash returns than just the dividend, such as buybacks and debt paydowns. Together, they’re known as shareholder yield.
( 22
min )
The restaurant and gift store chain has gotten caught up in the uproar over woke culture.
( 22
min )
Bond yields are starting a secular climb after falling from 1981 to 2021, say two Wall Street legends. What it all means for investors.
( 22
min )
Rapid advances might reshape the technological playing field, while ultimately boosting overall economic growth.
( 28
min )
Bank of America's high-net-worth clients are making big bets on Japan.
The bank said its private clients, who together have about $3.1 trillion in assets under management, have been predominantly buying [Japanese stocks](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-06-06-2023/card/
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Shares of DocuSign turned lower after the online document signing service warned about customer demand.
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min )
Wells Fargo analyst Michael Turrin downgraded the stock to Equal Weight from Overweight.
( 22
min )
↗️ DocuSign (DOCU): Shares rose 2.2% in early trading after the e-signature company posted its second consecutive profitable quarter amid a turnaround effort.
↗️
( 20
min )
Wedbush analyst Dan Ives raises his price target on Tesla stock to $300 a share from $215. He rates shares a Buy.
( 22
min )
A Goldman executive who runs a big piece of its consumer business is going on leave.
Stephanie Cohen, who oversees Goldman's credit-card partnerships with Apple and General Motors and consumer lender GreenSky, told employees Friday morning that she’s taking time away from work to focus on her famil
( 21
min )
DocuSign shares rise after the e-signature company boosts its fiscal-year outlook, General Motors says its electric vehicles will be able to access Tesla's supercharging network, Tesla stock has closed higher for 10 straight sessions, and NIO's quarterly losses widen.
( 22
min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 19
min )
Hafize Gaye Erkan’s appointment represents a possible return to more-orthodox economic policies.
( 32
min )
(Bloomberg) -- Some of the world’s largest investment banks have started distancing themselves from hedge fund manager Crispin Odey, hours after the publication of fresh allegations of sexual assault against women over several decades. Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseLeaving New York for Miami Can Save Nearly $200,000S&P 500 E
( 8
min )
(Bloomberg) -- The widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility, according to modeling by JPMorgan Chase & Co. strategists.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsRussian Elite Is Souring on Putin’s Chances of Winning His WarDonald Trump Charged in Florida Over Secret Documents CaseLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull
( 7
min )
Crypto exchange Binance.US said on Thursday it is stopping U.S. dollar deposits and users will soon not be able to withdraw dollars from the exchange, after U.S. financial regulators said they supported freezing Binance's assets. Binance.US said in the customer notice that it would no longer accept dollar deposits as part of plans to change to a "crypto-only exchange". On Monday, the U.S. Securities and Exchange Commission (SEC) sued Binance, its founder and CEO Changpeng Zhao, and the operator of its U.S. exchange.
( 6
min )
There are pros and cons when deciding whether to build or buy a new home.
( 21
min )
Volume should inform your use of the open interest indicator in confirming trends and reversals in both the futures and options markets.
( 23
min )
Greenspan put was the moniker given to the policies implemented by former Fed Chair Alan Greenspan that halted excessive stock market declines.
( 20
min )
The Macroeconomic Stabilization Fund (FEM) was established by Venezuela to stabilize cash flow from oil production.
( 20
min )
The Dow Jones Industrial Average ticked up about 0.1%, or 44 points, on below-average volume as investors await next week's inflation reading and an interest rate decision from the Federal Reserve.
( 16
min )
Learn about the main benefits of cost accounting systems, how they differ from financial accounting, and why they are important to businesses.
( 20
min )
Sonoma Pharmaceuticals shares jumped 44% on Friday after the company unveiled a product that could replace IV bags for some surgeries.
( 16
min )
Commercial real estate is property used for business purposes rather than as a living space. It includes offices, industrial units, rentals, and retail.
( 25
min )
Markets posted a winning day on Friday, June 9, 2023, to top off a winning week on optimism the Fed may pause its interest rate hike cycle next week.
( 16
min )
The Dow Jones Global Titans 50 Index launched in 1999, consisting of 50 of the largest multinational corporations in the world.
( 19
min )
Navient no longer services federal loans and former loans have likely been transferred to Aidvantage. Read our full Navient review to learn more.
( 19
min )
DOJ said that Russian nationals were allegedly responsible for hacking cryptocurrency exchange Mt. Gox in 2011, laundering bitcoin from the hack, and operating an illicit crypto exchange of their own.
( 17
min )
DISH Network shares fell on Friday following a report that it's looking to sell assets to pay for its 5G rollout by the end of the month.
( 16
min )
How entrepreneurs and the Sharks value a business likely takes into account present value, future value, the value of companies similar to it, and risk.
( 23
min )
Investors usually consider the geometric mean a more accurate measure of portfolio performance than the arithmetic mean because it accounts for compounding. Learn more.
( 23
min )
The Federal Trade Readjustment Allowance was income assistance for those who exhausted unemployment compensation and whose jobs were affected by foreign trade.
( 22
min )
Find out when a letter of intent (LOI) is binding and non-binding. Understand the role of drafting language, and when an LOI is treated like a contract.
( 19
min )
Discover the American Funds Investment Company of America (AIVSX), a growth and income fund with an 85-plus-year history of providing consistent returns.
( 19
min )
A divestiture is the disposal of a business unit through sale, exchange, closure, or bankruptcy.
( 23
min )
The Australian Securities and Investments Commission (ASIC) is the regulator of Australia's markets and financial services.
( 19
min )
General Motors has joined Ford in announcing a partnership with Tesla to use its charging stations, in a boost to EV adoption and Tesla.
( 17
min )
Each investment product has specific risks that come with it, while some risks are inherent in every investment.
( 19
min )
Markets were little changed at midday on Friday, June 9, 2023, while Tesla, GM, and Ford shares advanced after GM joined Ford in a deal for its EVs to use Tesla chargers.
( 16
min )
Superstar footballer Lionel Messi announced Wednesday he intends to play for Inter Miami, turning down offers from Barcelona and Saudi Arabia. Messi is the world's second highest-paid athlete and has earned over $1 billion from endorsement deals, real estate, and sports.
( 19
min )
Whether your goal is simplicity, saving money, or an alternative lifestyle, a tiny house (100 to 400 square feet) could be the solution.
( 29
min )
A home equity conversion mortgage (HECM) is a type of Federal Housing Administration (FHA) insured reverse mortgage.
( 25
min )
Netflix subscriptions soared in the U.S. after the streaming service's recent crackdown on password sharing.
( 16
min )
Robinhood has decided to delist three crypto assets that were referred to as securities in the U.S. SEC lawsuits against Binance and Coinbase.
( 17
min )
Shares of DocuSign turned lower after the online document signing service warned about customer demand.
( 16
min )
Tangible assets are physical assets that are used in a company's operations. Intangible assets are nonphysical, long-term intellectual property assets.
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They're two different things, but the money you save in a retirement account can be invested in mutual funds. In fact, it's a good idea.
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min )
Capital goods are tangible assets such as buildings, machinery, and equipment used to produce consumer goods or services.
( 22
min )
Cost of funds refers to the interest rate paid by financial institutions for the funds that they deploy in their business. Learn how the cost of funds is used.
( 25
min )
Rates on 30-year mortgages remained flat at 7.22% on Thursday after a slight dip the day before. Other rates were mixed, with the jumbo 30-year rate dropping back to 6.27%.
( 19
min )
The Kuwait Investment Authority is a government-owned corporation responsible for managing the sovereign wealth fund of Kuwait.
( 18
min )
Form 1040-X is used by taxpayers who need to amend an error in a previously filed annual federal tax return.
( 25
min )
A bull market is a financial market in which prices are rising or are expected to rise.
( 29
min )
Reporting revenue is a critical and often complex problem for accountants, so they must determine daily the differences between gross and net revenue.
( 22
min )
A yield curve is a line that plots the interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates.
( 24
min )
Investors at times have concerns about the dollar's vulnerability, but a review of the dollar's strengths and weaknesses suggests that a currency crisis is unlikely.
( 23
min )
Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Interest can be classified as simple interest or compound interest.
( 25
min )
Countries attempt to balance interest rates and inflation, but the interrelationship between the two is complex and can influence exchange rates.
( 21
min )
The CAMELS rating system is a bank-rating method in which banks are rated on capital adequacy, asset quality, management, earnings, liquidity, and sensitivity,
( 25
min )
Find out how to avoid becoming a victim of consumer fraud by knowing about these common scams.
( 30
min )
Europa is druk bezig met plannen om je straks sneller door het continent te laten reizen. Daarbij wordt vooral ingezet op nachttreinen. De Europese Unie start in 2025 pilots om het internationale treinnetwerk uit te breiden. Ook voor de Nederlandse reiziger is dat goed nieuws.
( 5
min )
De gasprijs is vrijdag omhooggeschoten tot ruim boven de 30 euro per megawattuur. Het is de tweede prijssprong in korte tijd. Eerder deze week werd gas op één dag al 20 procent duurder.
( 3
min )
Klanten kunnen bij Jumbo weer M&M's, Mars-repen, Kitkat en Whiskas-kattenvoeding kopen. De supermarktketen heeft met fabrikanten Mars en Nestlé nieuwe afspraken gemaakt over de levering van deze producten.
( 4
min )
Bedrijven die eten en drinken produceren, moeten van de Franse regering hun prijzen verlagen. Dit moet de pijn van de inflatie verzachten voor de Franse consument. Volgens het kabinet hebben de bedrijven waar het om gaat beloofd mee te werken. Als ze dat niet doen, worden hun namen bekendgemaakt.
( 3
min )
De gemeente Utrecht verbiedt de komst van nieuwe tabakszaken. Daarmee wil wethouder Eelco Eerenberg (Volksgezondheid) voorkomen dat ondernemers in het gat springen dat achterblijft als sigaretten niet meer in de supermarkt verkocht mogen worden.
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min )
De NS moet zijn personeel onregelmatigheidstoeslag gaan betalen over alle vakantiedagen. Door deze uitspraak van de Hoge Raad krijgen zo'n elfduizend werknemers meer geld tijdens hun bovenwettelijke verlofdagen.
( 3
min )
De maandelijkse energierekening ligt nu gemiddeld dertig euro lager dan tijdens de piek afgelopen december, blijkt uit een analyse van ING. Het prijsplafond en de lagere tarieven zijn eindelijk voelbaar in de portemonnee van de consument.
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min )
De maandelijkse energierekening ligt nu gemiddeld dertig euro lager dan tijdens de piek afgelopen december, blijkt uit een analyse van ING. Het prijsplafond en de lagere energietarieven zijn eindelijk voelbaar in de portemonnee van de consument.
( 4
min )
Een jongen die onder meer aan een sojafles likte in een Japans restaurant en zijn actie liet filmen, kan een gepeperde rekening verwachten. Sushiketen Sushiro eist namelijk een forse schadevergoeding van de 'sushiterrorist' voor de dalende omzet.
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min )
Alle zes bedrijven die bagage op Schiphol afhandelen, hangt een boete boven het hoofd. De fysieke belasting is gevaarlijk voor hun medewerkers, oordeelt de Arbeidsinspectie. Kun jij ons meer vertellen over dit zware werk? En heb jij ideeën voor oplossingen?
( 2
min )
Omdat de zon in mei volop scheen, zijn Nederlanders weer aan het tuinieren geslagen. Bij veiling FloraHolland was de omzet aan verhandelde tuinplanten 22,5 procent hoger dan vorig jaar. Vooral petunia's, hortensia's en geraniums waren populair.
( 4
min )
De Verenigde Staten en het Verenigd Koninkrijk gaan economisch nauwer samenwerken. Met de zogenoemde Atlantische Verklaring willen ze Rusland en China meer tegenwicht bieden.
( 3
min )
Een jongen die onder meer aan een sojafles likte in een Japans restaurant en zijn actie liet filmen, kan een gepeperde rekening verwachten. Sushiketen Sushiro eist namelijk een forse schadevergoeding van de 'sushiterrorist' voor de dalende omzet.
( 4
min )
Wie straks een burgertje wil uitzoeken in de Lidl kan straks in één handbeweging voor de vegetarische variant kiezen. De discounter gaat de vier best lopende vleesvervangers namelijk direct naast het vlees leggen in de koeling.
( 3
min )
Het ziekteverzuim op de werkvloer lag in het eerste kwartaal van 2023 beduidend lager dan een jaar eerder. In alle bedrijfstakken daalde het aantal dagen dat medewerkers zich ziek meldden.
( 4
min )
De Participatiewet, die sinds 2015 de bijstand regelt, heeft een te grote focus op betaald werk. Daardoor krijgen bijstandsgerechtigden niet altijd voldoende hulp bij hun problemen, concludeert het Sociaal en Cultureel Planbureau (SCP) in een nieuw onderzoek.
( 3
min )
Nederlanders sluiten de laatste tijd weer veel energiecontracten af waarin de tarieven voor langere tijd vastliggen. Vooral de jaarcontracten doen het goed, merkt vergelijkingssite Independer. Ook Eneco en Essent zien dat veel mensen op zoek zijn naar zekerheid.
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min )
Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency or standard.
( 23
min )
A cut-off score is a minimum credit score an individual may need to get a loan or other form of credit from a particular lender.
( 22
min )
Savings account rates are at record highs, giving you multiple options that earn more than 5%, including a top nationwide rate of 5.12% APY.
( 18
min )
Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
( 19
min )
State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
( 19
min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 18
min )
If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.
( 20
min )
Markets rose, led by tech stocks, on expectations the Fed may pause raising interest rates at its meeting next week.
( 16
min )
A rare pair of Air Jordan sneakers that are an iconic part of basketball history are up for auction and likely to fetch more than $1 million.
( 16
min )
An amortized loan is a loan with scheduled periodic payments of both principal and interest, initially paying more interest than principal until eventually that ratio is reversed.
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min )
Learn more about the top 10 countries that have the most disposable income per capita.
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min )
Despite muted trading volumes, the Dow Jones Industrial Average rose 0.5%, or 169 points, as investors digested data that suggested rising interest rates may finally be hitting the labor market.
( 16
min )
A covenant is a commitment in a bond or other formal debt agreement that certain activities will or will not be undertaken.
( 30
min )
More and more alternative lenders have emerged for business owners. But beware: Some offer better terms than others.
( 20
min )
Earning the CFA certification can be a grueling process. Before you commit, read what it takes to become a CFA and how it could benefit your career.
( 25
min )
Ever since world currencies abandoned the gold standard, many currency devaluation events have sent disruptive ripples across the globe.
( 22
min )
More than two-third of potential homebuyers say they would be sidelined if the Federal Reserve continues to hike interest rates and a lack of homes on the market push prices higher.
( 16
min )
The amount of power produced from Q1 solar installations in the U.S. was up 47% from 2022, setting an all-time Q1 high as delayed projects came online.
( 16
min )
A homeowner association (HOA) makes and enforces rules for a subdivision, planned community, or condominium building; its members are residents.
( 26
min )
An invoice records itemized transactions and is used for expense management and bookkeeping.
( 25
min )
Carvana shares surged to their highest level in more than eight months after the company said its cost-cutting moves are working, and raised its current quarter guidance.
( 16
min )
Light & Wonder, Rivian Automotive, and MINISO Group Holding are the top consumer discretionary stocks for best value, fastest growth, and most momentum, respectively.
( 21
min )
Financing is the process of providing funds for business activities, making purchases, or investing.
( 24
min )
Turnkey properties can make sense for people who want a real estate investment without truly being in the real estate business.
( 22
min )
Monopolistic competition exists when many companies offer competitive products or services that are similar, but not exact, substitutes.
( 25
min )
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver.
( 28
min )
Far too many novice house flippers overlook the basics and end up failing. These are the five biggest mistakes that would-be flippers make.
( 27
min )
Hire purchase agreements allow buyers to purchase expensive goods, but they don't own the goods until the last installment has been paid.
( 23
min )
A payment gateway is the front-end technology that reads payment cards and sends customer information to the merchant acquiring bank for processing.
( 22
min )
Just days after suing some of the largest crypto exchanges in the world, SEC chief Gary Gensler was scathing in his criticism of crypto firms, saying that they are subject to U.S. securities laws.
( 17
min )
Research shows that companies with socially inclusive, LGBTQ+-friendly policies have stronger employee retention and improved share performance.
( 24
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The envelope budgeting system is designed to make it easier to track cash spending each month. Learn how it works.
( 22
min )
Stitch Labs, Weebly, Verse Technologies, Eloquent Labs, and Third Party Trade are all major companies owned by Square (Block).
( 23
min )
Absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than another entity. Learn how it impacts trade.
( 26
min )
"Discount rate" has two distinct definitions. It can refer to the interest rate the Federal Reserve charges banks for short-term loans, but it's also used in future cash flow analysis.
( 28
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U.S. equities gained at midday on Thursday, June 8, 2023, boosted by tech stocks after a greater-than-expected rise in weekly unemployment claims raised speculation the Fed might pause raising interest rates to fight inflation.
( 16
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As office leases expire, tenants will downsize, leaving landlords unable to pay mortgages.
( 17
min )
The International Petroleum Investment Company (IPIC) is an investment organization that manages the wealth fund for Abu Dhabi, United Arab Emirates.
( 17
min )
Rates on 30-year mortgages dipped slightly, keeping them wavering in a narrow range over the last four days. Averages were also down or steady for almost every other loan type.
( 19
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An excess judgment loss is the additional amount that an insurer must pay above the policy limit.
( 19
min )
Signet Jewelers shares fell after it cut its guidance on slow Mother's Day sales and consumer caution.
( 16
min )
American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 20
min )
The Internal Revenue Service has apologized to taxpayers who were sent payment demands months ahead of schedule.
( 17
min )
A lender is an individual, a group, or a financial institution that lends funds with the expectation that the funds will be repaid.
( 22
min )
GameStop shares plunged after the electronics retailer fired CEO Matthew Furlong and named activist investor and board member Ryan Cohen as executive chair as sales fell.
( 17
min )
The Consumer Bankers Association (CBA) is a U.S. trade organization representing financial institutions offering retail lending products and services.
( 20
min )
A special economic zone is a designated area in a country that is subject to unique economic regulations that differ from other areas in the same country.
( 22
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Cal-Maine Foods is top for value and e.l.f. Beauty is top for growth and momentum, respectively
( 20
min )
Claims for unemployment insurance were made at a rate not seen since October 2021, signaling that the high-flying labor market may finally be losing altitude.
( 16
min )
U.S. savings bonds and certificates of deposit (CDs) are both safe investments that offer modest returns. Which one you choose depends on your time line.
( 24
min )
Ltd. is an abbreviation for "limited," a type of incorporation used in the United Kingdom, Ireland, Canada, and other Commonwealth countries.
( 22
min )
While the region's gross domestic product hit a statistically significant marker of a recession, economists have not yet sounded the alarm.
( 16
min )
New lease signings surged in May and listings were still historically low, putting pressure on rent prices in Manhattan, Queens and Brooklyn.
( 17
min )
Sampling is a process used in statistical analysis in which a group of observations are extracted from a larger population.
( 25
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An asset is a resource owned by an individual or business that provides present or future value.
( 22
min )
The Emergency Banking Act of 1933 was passed to restore investor confidence and stabilize banks in the wake of the Great Depression.
( 24
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Long market slump was especially painful for Americans saving for retirement, with their investments losing $3 trillion in value.
( 6
min )
(Bloomberg) -- The Bloomberg Invest conference resumed Thursday with some of the most influential leaders in finance gathering in New York for conversations on a wide range of topics, including artificial intelligence, cryptocurrencies and venture capital.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resume
( 13
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The e-signature company has cut jobs and changed leadership in response to slower growth.
( 27
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According to a translated copy of an internal memo, Binance's CEO said the leaked chat logs "did a lot of damage."
( 6
min )
The stock just missed finishing at a new 52-week closing on Thursday. There are a couple of reasons the shares have been gaining ground.
( 34
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(Bloomberg) -- Short sellers in Carvana Co. just passed a grim milestone: more than $1 billion in losses this year.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersA hot streak for the struggling used-car dealer has spelled only troub
( 7
min )
E-signature company DocuSign beat street estimates on every metric. The company raised full-year guidance.
( 22
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Yet another big tech baron is beckoning workers back to the office. Now Google is doubling down on enforcing in-person work, according to a new company notice.
( 9
min )
The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low. WHY IT IS CALLED A BULL MARKET? Wall Street’s nickname for a surging stock market is a bull market because bulls charge, said Sam Stovall, chief investment strategist at CFRA.
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min )
Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of this method. “Reports like this only serve to further fuel the view that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association. It also
( 9
min )
Mexican-style lager Modelo Especial outsold the popular Anheuser-Busch last month, new sales data shows.
( 6
min )
(Bloomberg) -- The US Securities and Exchange Commission asked a federal court for permission to use “alternative means” to serve papers to Binance Holding Ltd. and Changpeng Zhao, noting that the crypto executive is “famously protective of revealing his whereabouts.”Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersLeaving New York for Miami Can
( 6
min )
Warren Buffett, the brilliant billionaire investor renowned for his frugality and investment genius, has proven time and again that his wisdom extends far beyond the realm of finance. Recently, Buffett offered direct advice to introverts seeking to navigate the fast-paced and often extrovert-centric business landscape, shedding light on his own experiences and the strategies he employed to overcome obstacles. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Sta
( 7
min )
Costumed retreats and ‘vibe managers’ ignore the fact that offices aren’t supposed to be fun
( 26
min )
ARK Invest’s CEO said that the SEC’s prompt action against Coinbase following the Binance lawsuit was “unfortunate.”
( 7
min )
Microsoft, Nvidia, AMD, Meta Platforms, and Alphabet stocks have surged. They aren't in bubble territory, however, when considering valuations relative to historical data.
( 22
min )
The electric-vehicle maker, which needs cash for the production of trucks, extends voting to July.
( 28
min )
TD Cowen analyst Matthew Ramsay says chips within phones, such as those the company makes, could handle some of the processing for AI queries.
( 22
min )
Donald Trump on Thursday asked for a new trial in the civil case brought by E. Jean Carroll, in which a Manhattan jury last month found the former U.S. president liable for sexually abusing and defaming the writer and awarded her $5 million in damages. In a filing in Manhattan federal court, Trump's lawyers said the jury's $2 million award for the sexual abuse portion of the verdict was "excessive" because the jury had found that Carroll was not raped, and that the conduct Carroll alleged did not cause any diagnosed mental injury. A lawyer for Carroll had no immediate comment.
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min )
BERLIN (Reuters) -Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn industry event, saying she wanted to learn the secrets of investing having set up her own fund last year. Talking about her ambitions, Kardashian, whose empire spans skincare and underwear, sought what she called the "magic sauce" or special qualities of founders of companies which her fund, that has yet to make an investment, could back.
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min )
The Supreme Court said the distiller of Jack Daniel’s whiskey could pursue a trademark claim against the maker of Bad Spaniels, a dog toy resembling a famous liquor bottle.
( 30
min )
A year ago, Google greeted staff members coming back to the office for the first time with a lavish party.
( 10
min )
The online used-car retailer says its cost-cutting efforts are taking hold.
( 34
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U.S. crude prices fell nearly 5% Thursday after a report of U.S.-Iran talks on a temporary nuclear deal that would allow the Islamic Republic to export more crude.
Middle East Eye reported that the countries are [nearing a stopgap agreement](https://www.middleeasteye.net/news/iran-us-nuclear-near-i
( 20
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Research firm Energy Aspects is slashing its oil price forecast by $15 a barrel for the second half of the year, citing three factors that don't ordinarily play a major role in the game of predicting crude's direction.
According to Energy Aspects' report out today:
Higher rates: Interest r
( 22
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Tesla stock is on pace for its 10th consecutive gain. Here's one reason why the shares are on fire.
( 25
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(Bloomberg) -- The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets, hitting risk assets while driving bond yields and the dollar higher, according to BNP Paribas SA.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseLeaving New York for Miami Can Save Nearly $200,0
( 7
min )
Shares of Tesla just keep on rising.
The electric automaker's stock, recently up nearly 4% to about $232, is on track to finish higher for a tenth straight session, according to Dow Jones Market Data.
That would represent its longest winning streak since an 11-session run that ended in January 202
( 19
min )
The stock market has climbed a wall of worry to start the year and is nearing a bull market. Now the fun part begins. It’s time to enjoy a new bull market.
( 38
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"I'm extremely excited. I think that this is a the greatest revolution—bigger than the internet revolution," said famed investor Dalio, who founded Bridgewater Associates.
( 7
min )
Sara Devereux, head of fixed income at Vanguard, oversees a unit with more that $2 trillion in assets. Her take on Treasuries, corporates, munis, and more.
( 25
min )
Last summer, Elon Musk went on record describing lithium as ‘the new oil,’ pointing out that the light metallic element now forms a vital link in the automotive industry and supply chain. Lithium is an essential component of modern rechargeable battery technology and is found in everything from smartphones and tablets to laptop computers to electric-powered bicycles and automobiles. That last application, to electric vehicles (EVs), is a rapidly growing niche, as both political and social incent
( 10
min )
Lower market values make companies vulnerable to being bounced from the key index.
( 25
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(Bloomberg) -- Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its operations are improving in the second quarter.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsRay Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’Messi Spurns $400 Million Saudi Offer to Join B
( 7
min )
There are different financial vehicles that you can use to save for retirement. A Roth individual retirement account is one option; an annuity is another. A Roth IRA annuity combines features of both into a single financial tool. You can … Continue reading → The post Using a Roth IRA Annuity for Retirement appeared first on SmartAsset Blog.
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With smart money management, retiring at 55 years old with $6 million could be a breeze. But a lot of work has to go into the strategies you make and the actions that you take. That also includes how you … Continue reading → The post Is $6 million Enough to Retire at 55? appeared first on SmartAsset Blog.
( 9
min )
Carvana now anticipates to achieve second-quarter adjusted Ebitda of $50 million.
( 22
min )
FuelCell reports a second-quarter loss of 9 cents a share on revenue of $38.3 million.
( 25
min )
Wolfe Research analyst Shreyas Patil downgraded shares of EV start-up Fisker to Sell from Hold, Thursday, according to stock market ratings aggregators. His price target for the stock is $6.
( 22
min )
The start-up, which makes trucks powered by battery and hydrogen fuel cells, wants to issue more shares, a necessary precursor to raising more capital.
( 22
min )
A new CEO is set to join the chip supplier which analysts say could result in aggressive actions around costs leading to a turnaround.
( 22
min )
(Bloomberg) -- The artificial intelligence hype that has propelled US technology stocks in the past few weeks is showing signs of fatigue.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersTech is the worst-performing industry group in
( 8
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Google would also allow a full-time remote arrangement only in exceptional cases, the tech giant said.
( 9
min )
(Bloomberg) -- Bonds are slumping from the US to Australia as early hawkish signs from this month’s slew of central-bank meetings spurred traders to renew bets on an extended interest-rate hiking cycle. Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023Tech Stocks Sputter as Traders Consider July Hike: Markets WrapFlights to LaGuardia Airport Grounded as Smoke Blankets NYCMessi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiDam Destroyed in the Dead
( 7
min )
Oil producers Devon Energy and Marathon Oil stand to gain as their operational costs ease, says Citigroup.
( 22
min )
Sara Devereux, head of fixed income at Vanguard, oversees a unit with more that $2 trillion in assets. Her take on Treasuries, corporates, munis, and more.
( 22
min )
Gold prices climbed more than 1% on Thursday as the dollar and bond yields slipped after data showed U.S. weekly jobless claims surged last week, cementing expectations that the Federal Reserve will pause its interest rate hiking cycle. Spot gold rose 1.4% to $1,967 per ounce by 12:03 p.m. EDT (1603 GMT). The number of Americans filing new claims for unemployment benefits surged last week, suggesting that the labour market was slowing amid mounting risks of a recession.
( 7
min )
(Bloomberg) -- Investors look set to pile into the copper market on an unprecedented scale in the next few years as usage surges in electric vehicles and renewable energy, according to Citigroup Inc.Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiBonds Everywhere Are Suffering as Rate-Hike Fears Swamp TradersFlights to LaGuardia Air
( 9
min )
(Bloomberg) -- A lawyer representing Charlie Javice accused the US of deploying “hide-the-ball” legal tactics in an effort to gain an advantage in its criminal prosecution of the Frank founder.Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiBonds Everywhere Are Suffering as Rate-Hike Fears Swamp TradersFlights to LaGuardia Airport G
( 8
min )
The company wants to issue more shares, a necessary precursor for raising more capital.
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min )
Een op de tien volwassenen heeft te maken met opstapelende mentale problemen. Om hulp vragen kan moeilijk zijn, zeker als je niet weet waar je terechtkunt. NU.nl zet een aantal mogelijkheden op een rijtje.
( 4
min )
De term graaiflatie kun je niet zomaar op alle prijsstijgingen plakken, vindt minister Sigrid Kaag (Financiën). Volgens haar doet de term geen recht aan de werkelijkheid. De bewindsvrouw sluit niet uit dat er alsnog maatregelen komen om de inflatie te dempen.
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min )
Prijzen aan de laadpaal voor elektrische auto's verschillen enorm per gemeente. Een strategische oplaadplek kan per maand meerdere tientjes schelen.
( 4
min )
Bedrijven in de Europese chipsector ontvangen de komende tijd 8,1 miljard euro voor tientallen verschillende projecten. Met het geld kunnen bedrijven zoals ASML innovaties ontwikkelen die van Europa een voorloper moeten maken op het gebied van chiptechnologie.
( 3
min )
Accountants kijken te oppervlakkig naar het risico op fraude bij bedrijven. Daardoor is de kans groot dat ze onregelmatigheden in de boekhouding over het hoofd zien, meldt toezichthouder AFM op basis van onderzoek.
( 3
min )
Wie een woning huurt van een corporatie betaalt vanaf juli gemiddeld 2,4 procent meer dan nu. Voor ongeveer 600.000 huishoudens gaat de huur juist omlaag, om ze te ontzien in tijden van hoge inflatie.
( 4
min )
Accountants kijken te oppervlakkig naar het risico op fraude bij bedrijven. Daardoor is de kans groot dat ze onregelmatigheden in de boekhouding over het hoofd zien, meldt toezichthouder AFM op basis van onderzoek.
( 3
min )
De ondernemingsraad (or) van autofabriek VDL Nedcar mag een geheim document van opdrachtgever BMW toch inzien. Het concern beëindigt het contract voor de bouw van MINI's in Born voortijdig en betaalt VDL daarom een afkoopbedrag. Nu kan de or nagaan of een groot deel van dat geld terechtkomt bij medewerkers die hun baan verliezen.
( 4
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Het Groningenveld gaat dit jaar mogelijk dicht. Maar hoe wordt een gasveld nou precies gesloten?
( 3
min )
Het beleggingsplatform BinckBank heeft een boete van een half miljoen euro gekregen. Waakhond AFM oordeelt dat BinckBank niet genoeg deed om te bepalen of haar klanten genoeg kennis van de beleggingsmarkt hadden.
( 3
min )
Alle zes bedrijven die bagage op Schiphol verplaatsen, hangt een boete boven het hoofd. De fysieke belasting voor medewerkers is gevaarlijk voor de medewerkers, oordeelt de Arbeidsinspectie. In maart bleek dat de bagageafhandelaars niet de nodige veranderingen hebben doorgevoerd.
( 3
min )
De economie van de landen met de euro is in het eerste drie maanden van dit jaar onverwacht in een recessie belandt. Volgens herziene cijfers van het Europese statistiekbureau Eurostat kromp de economie van het eurogebied met 0,1 procent ten opzichte van een kwartaal eerder. Ook wordt nu een krimp van 0,1 procent voor het vierde kwartaal van 2022 gemeld door het statistiekbureau.
( 3
min )
Voor het eerst in tien jaar is het aantal mensen dat zich zorgen maakt over de eigen financiële toekomst gestegen. Het gaat vooral om jongeren en alleenstaande ouders.
( 4
min )
De Nederlandse economie groeit dit jaar waarschijnlijk met 0,6 procent en in 2024 met 0,9 procent. Dat verwachten economen van de Rabobank ondanks de economische krimp in het eerste kwartaal.
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Wie vanwege een chronische ziekte of een beperking een traplift nodig heeft, moet straks mogelijk meer betalen. Het kabinet wil dat mensen met een beperking vanaf 2026 een inkomensafhankelijke bijdrage gaan leveren aan de zogeheten Wmo-voorzieningen. Mensen met een handicap reageren kritisch op de bezuiniging: "We leven al aan de rand van de maatschappij."
( 6
min )
Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer.
( 28
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Tesla may face a class-action lawsuit after 240 Black factory workers in California described rampant racism and discrimination at the electric automaker’s San Francisco Bay Area plant, including frequent use of racial slurs and references to the manufacturing site as a plantation or slave ship. The testimonies filed Monday in Alameda County Superior Court comes from contractors and employees who worked on the production floor of the factory in Fremont, roughly 40 miles (65 kilometers) southeast of San Francisco. Lawyers suing Tesla, Inc. estimate at least 6,000 workers could be part of the class.
( 8
min )
China continued to amass gold, adding an additional 16 tons in May, while its foreign currency reserves fell, Bloomberg reported.
( 7
min )
(Bloomberg) -- The potential for a flood of US renewable projects driven by new tax incentives is at risk of “breaking” power markets by pushing electricity prices to negative levels, according to Wells Fargo.Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiFlights to LaGuardia Airport Grounded as Smoke Blankets NYCTech Stocks Sputte
( 6
min )
Legislation to improve compeition among credit-card networks is set to be reintroduced in Congress.
( 22
min )
Electric vehicle manufacturer Rivian is making a big move in Hayward, though it's not good news.
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min )
Billionaire investors are worried. Stanley Druckenmiller sees a "hard landing" on the way and bond king Jeffrey Gundlach is warning that economic indicators are now "full-on recessionary."
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min )
Do you love dividends? Of course you do — and rightly so! Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. Simply put, if you’re not investing in dividend stocks, you’re doing it wrong. Using the TipRanks platform, we’ve looked up two stocks that are offering dividends of at least 10% yield – that’s almost 6x higher the averag
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min )
(Bloomberg) -- Billionaire Ray Dalio, founder of Bridgewater Associates, said the US is seeing stubbornly high inflation along with elevated real interest rates. Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023George Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailDam Destroyed in the Dead of Night Upstages Ukraine’s CounteroffensivePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfTech Stocks Sputter as Traders Up Rate
( 6
min )
If you're saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research … Continue reading → The post This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds appeared first on SmartAsset Blog.
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min )
Oil prices have come down quite a bit from their 2022 peak. While that has prompted some traders to bet against the commodity, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has issued a stern warning for the short sellers. “I keep advising them that they will be ouching — they did ouch in April,” he said at the Qatar Economic Forum in May. And now OPEC+, which includes the Organization of the Petroleum Exporting Countries and its allies, has reached a deal to extend output cuts into
( 9
min )
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U.S. Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a U.S. court to freeze Binance's U.S. assets, came a day after the SEC sued Binance, its billionaire CEO Zhao, and the operator of its U.S. affiliate exchange, for allegedly operating a "web of deception."
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The outcome of Nikola’s bid to double the number of authorized shares in the company could determine its ability to survive. The post Critical vote count due in Nikola’s bid to stay in business appeared first on FreightWaves.
( 8
min )
With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were turned away.
( 8
min )
For years, the wealthiest investors and institutions have enjoyed exclusive access to lucrative investment opportunities, leaving retail investors with limited choices. Hedge funds like William Harnisch's Peconic Partners and Michael Burry’s Scion Asset Management produced total returns of 191.5% and 159.79%, respectively, over the past three years. The minimum investment required to participate in funds like these often ranges from $500,000 to $1 million. Retail investors, on the other hand, ha
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min )
The conventional wisdom that value stocks are more vulnerable to an economic downturn is false, according to a new white paper from GMO.
( 25
min )
The government's qualifications are confusing. The best way to sort things out is to check the website fueleconomy.gov.
( 22
min )
Shares of Visa and Mastercard fell Wednesday after the Journal reported that lawmakers plan to re-up proposed legislation that would give merchants the power to process many credi
( 19
min )
The retailer is expected to benefit from a wave of major blockbuster videogame releases, which started with Hogwarts Legacy in early February and continued with Star Wars Jedi: Survivor in late April.
( 25
min )
The software company beat first-quarter expectations and raised its full-year outlook, as it talked up its generative artificial intelligence prospects.
( 22
min )
The SEC chair's crusade against Coinbase and savvy politicking could mean the end of crypto companies in the U.S.
( 12
min )
Wedbush analyst Dan Ives raises his 12-month price target on the stock to $220 from $205.
( 22
min )
Campbell Soup issues earnings guidance for its fiscal year below Wall Street estimates.
( 22
min )
A Wall Street analyst’s job requires in-depth knowledge of their subject, but in essence, the objective is simple – to find out which stocks investors should load up on or stay away from. As Goldman Sachs’ Director of Americas Equity Research Steven Kron recently put it, a sector analyst can “identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns.” Kron reckons this is especially true in the current market environment. He adds, “After a co
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min )
When it comes to retirement savings, your age can have a major effect on things. Depending on which type of retirement account you have, your age may define both when you can access your funds and how much money you can … Continue reading → The post Age Limits for IRA Contributions appeared first on SmartAsset Blog.
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min )
Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.
( 10
min )
Private letter rulings, commonly known as "guidances," are the bane of tax attorneys everywhere. They are very specific, vast in number and essential to understanding how tax law works. In brief, it's a written answer issued by the IRS to a … Continue reading → The post Understanding a Private Letter Ruling (PLR) appeared first on SmartAsset Blog.
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min )
Estate taxes are a form of transfer tax that affects the very wealthy. For multimillionaire households, avoiding the estate tax is a significant issue. One tool that households can use to try to minimize their estate tax liability is the … Continue reading → The post How to Avoid Estate Taxes With Trusts appeared first on SmartAsset Blog.
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min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 23
min )
The electric vehicle start-up announced Tuesday it has agreements to sell regulatory credits generated by selling its EVs in the U.S.
( 22
min )
The streaming platform's paid sharing initiative will generate close to $6 billion in extra revenue in 2024 and 2025, J.P. Morgan estimates.
( 22
min )
(Bloomberg) -- The once-hot Wall Street trades of 2023 are all falling apart, in a fresh blow to market pros blindsided again and again ever since the pandemic broke out.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownNearly
( 10
min )
Coinbase shares rise modestly following a slump in the previous session after the SEC sued the cryptocurrency broker, Yext raises its fiscal-year revenue and profit guidance, and GameStop and Campbell Soup are scheduled to post quarterly earnings.
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China’s total trade with Russia has soared to levels not seen since the beginning of Vladimir Putin’s war in Ukraine, official data showed, as Beijing steps up support for its sanctions-hit ally.
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What insights did other CEOs gain from the prolonged Bud Light uproar? Apparently, not much.
( 10
min )
(Bloomberg) -- China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another
( 7
min )
(Bloomberg) -- JPMorgan Asset Management is adding more Chinese stocks to its portfolio on bets that the market’s cheap valuation and the government’s support for the economy will bolster returns. Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening
( 8
min )
Ivan Menezes is credited with growing the drinks company significantly since he became CEO in July 2013, with Diageo now selling around 200 brands in more than 180 markets.
( 27
min )
(Bloomberg) -- The bearish calls against Chinese equities are growing, but one top-performing fund says any further weakness is a chance to buy.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownChinese firms offer “pretty good
( 7
min )
Vodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or next week, three sources have told Reuters. A spokeswoman for Hutchison declined to comment. Vodafone was not immediately available to comment.
( 6
min )
(Bloomberg) -- The pace of declines in the Turkish lira hastened in early Wednesday trading amid increasing signs that policy makers may be scaling back interventions to support the currency.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Cr
( 6
min )
(Bloomberg) -- China posted robust commodities imports in May, defying stutters in the wider economy, as buyers took advantage of weaker international prices and energy importers stocked up ahead of peak demand in the summer.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinba
( 8
min )
For a brief period this spring, the housing market looked like it was out of the woods.
( 8
min )
The idea of Amazon as disrupter is nothing new. But this threat seems less serious.
( 22
min )
The U.S. government could face borrowing at rates near 6%, up from 0.1% less than two years ago.
( 28
min )
(Bloomberg) -- Cathie Wood’s funds boosted their holdings of Coinbase Global Inc. as shares slumped after the Securities and Exchange Commission accused the company of operating an unlawful exchange.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepeni
( 7
min )
"The Cardboard Box Recession may be good news for inflation,"Charles Schwab said. "Inflation might just continue to recede as fast as it rose."
( 7
min )
Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: insiders may sell shares for a range of reasons, but they only buy shares when they believe the price is going to rise. Keeping a close watch on insiders’ stock purchases can prove to be a profitable investment strategy. Corporate insiders, which include company officers and board members, possess valuable knowledge about company policies and performance
( 10
min )
Here are step-by-step instructions for filing a reimbursement claim for insurance on your pet.
( 22
min )
Fintech company Wealthfront launched an automated portfolio which aims to offer higher rates than simply investing in traditional bonds.
( 17
min )
Home equity loans are a great tool for homeowners looking for cash. But how are rates changing in a volatile economy?
( 22
min )
A head and shoulders pattern is an indicator that appears on a chart as a set of three peaks or troughs, with the center peak or trough representing the head.
( 26
min )
If you need to take distributions from your individual retirement account (IRA), learn what exceptions the IRS has to its 10% early withdrawal penalty fee.
( 26
min )
The Marriott School of Business is the business school of the Brigham Young University.
( 20
min )
Cost basis is the original value of an asset for tax purposes, adjusted for stock splits, dividends, and return of capital distributions.
( 24
min )
A natural monopoly is a monopoly that arises or would rise through natural conditions in a free market.
( 24
min )
A gauge of CEOs' short-term view of the economy fell amid concerns about inflation and rising interest rates.
( 17
min )
Campbell Soup shares sank after its full-year profit outlook was short of estimates and volumes declined as the company raised prices.
( 16
min )
Caterpillar and Goldman Sachs lead the Dow higher, while Salesforce drops on management shakeup.
( 16
min )
Markets closed mixed on Wednesday, June 7, 2023 as investors focused on the Fed's rate moves.
( 16
min )
Affordable housing can be an especially difficult challenge for low-income people with a disability.
( 25
min )
Total quality management (TQM) aims to hold all parties involved in the production process as accountable for the overall quality of the final product or service.
( 27
min )
The Porter Diamond Model is a model to explain the competitive advantage that nations or groups can develop based on certain factors.
( 20
min )
Both E*Trade and Fidelity have best-in-class features, educational resources, and trading tools, but if cost is your concern, then Fidelity is your best choice.
( 24
min )
The tragedy of the commons is an economic problem where the individual consumes a resource at the expense of society.
( 25
min )
We may not see a rate hike when the Federal Reserve has their next meeting, but it may just be a momentary reprieve.
( 16
min )
A systematic investment plan involves putting a consistent sum of money into an investment on a regular basis to take advantage of dollar-cost averaging.
( 21
min )
Shoppers in April faced fewer shipping delays, found fewer things out of stock, and had an easier time finding the things they need than the same month last year.
( 16
min )
Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
( 20
min )
Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
( 18
min )
A secondary market is a market where investors purchase securities or assets from other investors, rather than from issuing companies themselves.
( 24
min )
In the winter of 2021, Texas had days-long electricity blackouts due to power grid problems. What happened and how can they fix it going forward?
( 21
min )
Enel Chile, Capital Power, and Cadiz lead for value, growth, and momentum, respectively.
( 20
min )
Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.
( 22
min )
Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
( 25
min )
If you're self-employed, there are steps you can take to make yourself a more attractive loan candidate.
( 26
min )
Rates on 30-year mortgages are holding steady, after climbing an eighth of a point over the previous two days. But the 15-year and jumbo 30-year rate averages rose.
( 19
min )
Applications were 30% lower than one year ago, as buyers adjust to a higher rate environment, according to the Mortgage Bankers Association.
( 16
min )
U.S. equities were mixed at midday on Wednesday, June 7, 2023, as tech and communication stocks weighed on the major indexes.
( 16
min )
The U.S. Securities and Exchange Commission has filed an emergency action to freeze the assets of crypto exchange Binance.US to protect its customers.
( 17
min )
A 51% attack is an attack on a blockchain by a group of miners who control more than 50% of the network's mining hash rate, or computing power.
( 22
min )
Securitization pools assets and repackages them into interest-bearing securities.
( 23
min )
Stitch Fix beat estimates after implementing "tight cost controls," with more cost-cutting plans.
( 16
min )
Dave & Buster's shares soared in early trading on Wednesday after reporting earnings and revenue records, with deals to add franchises in India and Australia.
( 16
min )
A pro forma invoice is a preliminary bill of sale sent to buyers that provides details about a shipment of goods in advance of its delivery and the final invoice.
( 24
min )
A retirement money market account is a money market account that is held by an individual within a retirement account such as an IRA. Learn more about how this type of account works.
( 24
min )
A chartered accountant (CA) designation is a credential granted to accounting professionals in countries around the world outside of the United States.
( 24
min )
Cathie Wood's Ark Invest increased its stake in Coinbase despite an SEC lawsuit against the crypto firm.
( 16
min )
Disbursement is the act of paying out or disbursing money, which can include money paid out for a loan, to run a business, or as dividend payments.
( 23
min )
With Novo Nordisk at the top of the list, these are the 10 biggest biotechnology companies by 12-month trailing revenue.
( 20
min )
The DuPont analysis is a framework for analyzing fundamental performance popularized by the DuPont Corporation.
( 30
min )
Changes in the prime rate don't directly impact rates that banks pay on certificates of deposit (CDs), but the two may both go up around the same time.
( 23
min )
Credit score requirements for personal loans vary by lender, but borrowers with good or excellent credit typically have a better chance of qualifying for the best rates and terms.
( 22
min )
A bank identification number (BIN) is the initial set of four to six numbers on a credit card that identifies the institution.
( 23
min )
An account history is a record that keeps track of all activity within an account such as trades, purchases, and other transactions. Learn what's included.
( 22
min )
Monetary policy involves decisions by central banks on issues such as interest rates. Fiscal policy typically is established legislatively and addresses issues such as tax rates and government spending.
( 24
min )
A probability distribution is a statistical function that describes possible values and likelihoods that a random variable can take within a given range.
( 22
min )
While inventory improved from a year earlier, the growth rate slowed for a third straight month.
( 16
min )
In an arm's length transaction, the buyer and seller act independently and have no relationship to each other.
( 23
min )
Most Americans think common fees charged by banks are unfair, and support government efforts to reduce or eliminate them, according to a poll.
( 18
min )
The Peter Principle theorizes that people in a firm will be promoted up to a point where they are no longer qualified, leaving a company full of incompetent employees.
( 25
min )
The Polish zloty is the national currency of Poland, issued by Narodowy Bank Polski. Learn about the zloty’s exchange rate and history.
( 23
min )
Voor het eerst in tien jaar is het aantal mensen dat zich zorgen maakt over zijn of haar financiële toekomst gestegen. Vooral jongeren en alleenstaande ouders maken zich zorgen.
( 3
min )
Vakbonden FNV en CNV hebben stakingen bij drie industriële bakkerijen afgeblazen. Daarmee worden supermarkten zoals Albert Heijn niet meer geraakt door broodtekorten. Maar plaatselijke bakkers zijn misschien wel de pineut.
( 3
min )
Zoals het er nu naar uitziet, stopt de gaswinning uit het Groningenveld dit najaar volledig. Dat zei premier Mark Rutte woensdag in debat met de Tweede Kamer. Op dit moment wordt er nog een minimale hoeveelheid gas gewonnen, waardoor de putten open kunnen blijven.
( 4
min )
De Europese Commissie (EC) heeft onaangekondigde bezoeken gedaan bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden. Er is onder andere een inval gedaan bij het Nederlandse bedrijf Ten Cate, bevestigt CEO Michael Vogel aan NU.nl.
( 3
min )
De omzet van Nederlandse Loterij kwam afgelopen jaar op 6,5 miljard euro uit. Een jaar eerder was dat nog geen 3 miljard euro. De ruime verdubbeling van de inleg komt vooral doordat dit het eerste volle jaar was waarin online gokken meespeelde.
( 3
min )
Zoals het er nu naar uitziet, stopt de gaswinning uit het Groningenveld dit najaar volledig. Dat zei premier Mark Rutte woensdag in debat met de Tweede Kamer. Op dit moment wordt er nog een minimale hoeveelheid gas gewonnen, waardoor de putten open kunnen blijven.
( 4
min )
Bij vertraging krijgen claimende treinreizigers met een vrijreisabonnement vanaf deze week tot tientallen euro's minder terug. De vergoeding is niet meer op basis van de normale ritprijs, maar op basis van de abonnementskosten.
( 6
min )
Bij vertraging krijgen claimende treinreizigers met een vrijreisabonnement vanaf deze week tot tientallen euro's minder terug. De vergoeding is niet meer op basis van de normale ritprijs, maar op basis van de abonnementskosten.
( 6
min )
De Europese Commissie (EC) heeft onaangekondigde bezoeken gedaan bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden. Er is onder andere een inval gedaan bij het Nederlandse bedrijf Ten Cate, bevestigt CEO Michael Vogel aan NU.nl.
( 3
min )
De Europese Commissie (EC) brengt onaangekondigde bezoeken bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden.
( 2
min )
Centralebankpresident Klaas Knot is bezorgd over loonsverhogingen van 10 procent of meer die de laatste tijd worden afgesproken bij cao-onderhandelingen. Daardoor kan het moeilijker worden om de inflatie tot bedaren te brengen, zo zei de DNB-president woensdag in de Tweede Kamer.
( 3
min )
De Autoriteit Persoonsgegevens (AP) heeft OpenAI in een brief gevraagd of AI-chatbot ChatGPT stiekem persoonsgegevens verzamelt. Ook wil de toezichthouder weten of de kunstmatige intelligentie achter de chatbot leert van wat gebruikers aan hem vragen.
( 3
min )
Duizenden medewerkers van sociale werkbedrijven hebben woensdag actiegevoerd voor een flinke loonsverhoging. Door de inflatie hebben ze steeds meer moeite om hun rekeningen te betalen. De werkgevers willen best over de brug komen, maar vinden dat het Rijk moet bijleggen.
( 3
min )
Het Amerikaanse bedrijf Bluestar Alliance heeft 60 miljoen euro betaald om het van oorsprong Amsterdamse kledingmerk Scotch & Soda een doorstart te laten maken. Dat meldt Het Financieele Dagblad (FD).
( 3
min )
Batman is als winnaar uit de strijd gekomen in een zaak over het logo van de superheld. Het Hof van Justitie van de Europese Unie vindt het Batman-logo onderscheidend genoeg om een beroep te mogen doen op bescherming als handelsmerk.
( 3
min )
Ongeveer driehonderd bakkers leggen morgen voor twee dagen het werk neer. Dat doen zij omdat er nog geen nieuwe cao is. Het gaat om personeel van Bakkerij Borgesius in Arnhem en Aalsmeer en Dutch Bakery in Eindhoven.
( 3
min )
Batman is als winnaar uit de strijd gekomen in een zaak over het logo van de superheld. Het Hof van Justitie van de Europese Unie vindt het Batman-logo onderscheidend genoeg om een beroep te mogen doen op bescherming als handelsmerk.
( 3
min )
Consumenten hebben vanwege de stijgende energiekosten vorig jaar meer geïnvesteerd in de verduurzaming van huishoudelijke apparaten. In 2022 was er meer vraag naar elektrische huishoudelijke apparaten met een A-label.
( 3
min )
Consumenten hebben vanwege de stijgende energiekosten vorig jaar meer geïnvesteerd in de verduurzaming van huishoudelijke apparaten. In 2022 was er meer vraag naar elektrische huishoudelijke apparaten met een A-label.
( 2
min )
De Turkse lira heeft woensdag een nieuw dieptepunt bereikt ten opzichte van de dollar en de euro. De munt verliest sinds de definitieve uitslag van de verkiezingen steeds meer terrein vanwege zorgen over de economische koers van Turkije.
( 3
min )
Boeing moet de levering van ongeveer negentig 787 Dreamliners uitstellen, omdat er bij de productie fouten zijn ontdekt. Het is een grote tegenvaller voor de Amerikaanse vliegtuigbouwer, die juist hard werkt om te voldoen aan de groeiende vraag naar zijn langeafstandsvliegtuigen.
( 3
min )
Zonnepaneelparken krijgen steeds vaker te maken met koperdieven, hoort de brancheorganisatie Holland Solar van haar leden. "Het begint echt een probleem te worden." De koperprijs ligt hoog, wat diefstal interessant maakt.
( 4
min )
Consumenten hebben in april iets meer besteed dan in dezelfde maand vorig jaar. Ze gaven vooral meer uit aan diensten, zoals verzekeringen, het openbaar vervoer en een bezoek aan een restaurant of de kapper.
( 3
min )
De vier grootste internetproviders van Nederland hebben sinds begin dit jaar forse prijsverhogingen aangekondigd of doorgevoerd. Ondanks de flinke prijsstijgingen is er volgens experts geen sprake van graaiflatie. Sterker nog, de winst van internetaanbieders staat onder druk.
( 4
min )
Boeing moet de levering van ongeveer negentig 787 Dreamliner-vliegtuigen uitstellen omdat er bij de productie fouten zijn ontdekt. Dat heeft de Amerikaanse vliegtuigbouwer laten weten. Voor Boeing gaat het om een tegenvaller aangezien het concern juist hard werkt om te voldoen aan de stijgende vraag naar zijn langeafstandsvliegtuigen.
( 3
min )
Boeing said Tuesday that deliveries of its 787 Dreamliner have been halted again by another manufacturing issue, the latest in a string of setbacks affecting the two-aisle jet. The company said it is inspecting fittings on part of the tail called the horizontal stabilizer “for a nonconforming condition.” The inspections and repairs will affect near-term deliveries but won’t alter the company’s forecast of deliveries for the full year.
( 7
min )
The “Shark Tank” star says today’s top digital asset firms are likely destined to live on only in history books.
( 8
min )
An unusual merger is sending shares of Topgolf Callaway Brands higher.
( 22
min )
The FAA said the plane maker notified regulators of the latest issue.
( 27
min )
Piper Sandler says there's opportunity in solar and heat pumps, too.
( 22
min )
If some of highest-flying tech stocks should start to lose steam, other sector stocks could step in to support the market rally.
( 22
min )
History suggests Schwab’s cash sorting woes should abate, but this time could be different, caution Bank of America analysts. Here’s why.
( 22
min )
(Bloomberg) -- The amount of money the US government had to pay its bills jumped on Monday to the highest level in two weeks as the Treasury rebuilds its cash pile in the wake of the Washington’s debt-ceiling suspension. Most Read from BloombergUkraine Dam Blast Blamed on Russia Tips War Into New PhasePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownApple Headset Looks Sleek in Person But Battery Pack Stands OutBrothers Fi
( 6
min )
(Bloomberg) -- Former International Monetary Fund chief economist Kenneth Rogoff sees interest rates heading higher in coming years, with the yield on the 10-year Treasury note averaging above 4% for the rest of the decade.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailSEC’s Coinbase Lawsuit Heralds Deepening US Crypto Crac
( 7
min )
Apple Inc has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S. military, the Verge reported, citing a post from Mira CEO's private Instagram account on Monday and a person familiar with the matter.
( 6
min )
Boeing said on Tuesday it is slowing deliveries of its 787 Dreamliner after the company discovered a new production flaw, but expressed optimism that it can still deliver 70-80 of the widebody jets this year as planned. The problem, which does not pose a flight safety concern, involves a fitting for the 787's horizontal stabilizer made by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing will need to inspect all 90 Dreamliners in its inventory before they can be delivered, and it expects it will take two weeks to fix each aircraft, the company added.
( 7
min )
Wall Street’s impression of Vision Pro was lackluster.
( 8
min )
The CBOE Volatility Index, or VIX, which measures the expected volatility of the U.S. stock market, is on pace to close at the lowest level in more than three years.
The index was at 14.26, down 3.2% on Tuesday, nearing its February 2020 low.
The move points to a lack of major concerns in the stoc
( 22
min )
How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn To be very clear, you can earn as much money as you want while collecting … Continue reading → The post Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? appeared first on SmartAsset Blog.
( 8
min )
The wireless carrier snags an upgrade, but analysts still see plenty of reasons to be cautious.
( 22
min )
Shares of battery and hydrogen fuel-cell trucking firm Nikola hit a new 52-week intraday low on Tuesday. They have dropped more than 99% from their record high of almost $94.
( 22
min )
Move spurs calls to unionize.
( 6
min )
Piper Sandler analyst Alexander Potter has a $280 price target on Tesla stock, and the electric-vehicle business only accounts for $135 of it. There's opportunity in solar and heat pumps.
( 22
min )
If some of highest-flying tech stocks should start to lose steam, other sector stocks could step in to support the market rally.
( 22
min )
Investors hoping to get a good readout on where the markets might be heading – switch off now, as Billionaire Paul Singer has some bad news for you. The founder of Elliott Management – a firm with around $56 billion in assets under management – says the US economy is staring at an “extraordinarily dangerous and confusing period.” On top of the challenging macro environment, Singer cites high valuations, the prospects of paltry returns in real estate and financial assets and the “significant chan
( 10
min )
The short-seller alleged that the company fabricated its financials and criticized founder Dozy Mmobuosi's claims of having developed "the first mobile payment app in Nigeria". Tingo did not immediately respond to a Reuters request for comment. The New Jersey-based holding company operates in Africa, Southeast Asia and the Middle East, and its units have ventured into agri-fintech, food processing and insurance brokerage.
( 6
min )
The restaurant chain missed analysts' expectations for its third quarter. Guidance for the next three months also disappointed the Street.
( 22
min )
U.S. regulators have taken aim at the heart of the crypto sector with charges against two of the most influential digital asset exchanges this week.
( 22
min )
The retailer is still bullish on its robust store expansion plan, despite a slow start to the year.
( 8
min )
The future looks “a lot less dull and a lot less routine” and will rely plenty on human brain power, Joseph Fuller tells Fortune.
( 7
min )
A retirement home is a private facility that offers seniors care and support. These facilities typically have amenities and services that cater to the needs of seniors, including meal preparation, housekeeping, medical care and social activities. Here's a breakdown of … Continue reading → The post Retirement Home: Cost and Service Guide appeared first on SmartAsset Blog.
( 8
min )
The SEC on Tuesday charged the crypto broker with securities violations spanning years, taking aim at core elements of its business.
( 22
min )
Intel will sell shares worth around $1.4 billion of self-driving technology company Mobileye.
( 22
min )
The regulator said the U.S.’s largest crypto platform violated rules that require it to register as an exchange.
( 28
min )
The revenue benefit from the Vision Pro headset is likely to be “immaterial” in the short term, says one analyst, and the technology is unlikely to do anything to disrupt the iPhone.
( 22
min )
Shares of Coinbase fell 15% in premarket trading Tuesday after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law.
The SEC charged Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The move comes a day after
( 20
min )
The investment bank forecast a decline of 10% or more for the S&P 500, citing high valuations and risks to corporate earnings.
( 22
min )
Shares in GitLab surged in premarket trading after the software company beat earnings expectations in its fiscal first quarter, provided upbeat guidance, and said customers were looking to its AI-powered platform
( 23
min )
The company reported fiscal first-quarter earnings late Monday, playing up its artificial intelligence credentials, and investors clearly liked what they heard.
( 22
min )
Saudi Arabia's plan to boost oil prices isn't working.
Oil prices slid Tuesday, erasing gains that followed a Saudi plan to slash output, as fears about weak global demand out
( 20
min )
Intel will sell shares worth around $1.4 billion of self-driving technology company Mobileye.
( 22
min )
Intervention by regulators into cryptocurrencies has historically benefited the industry, and this time could be the same, says one chief investment officer.
( 22
min )
In the nearly nine years since Apple CEO Tim Cook publicly came out as gay, three more openly LGBTQ CEOs helm Fortune 500 companies.
( 9
min )
The price of Bitcoin plunged after the world’s largest cryptocurrency exchange and its founder were accused of a “web of deception” by US regulators.
( 8
min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
min )
The revenue benefit from the Vision Pro headset is likely to be “immaterial” in the short term, says one analyst, and the technology is unlikely to do anything to disrupt the iPhone.
( 22
min )
European shares were range-bound on Tuesday as worries of further interest rate hikes by major central banks in the face of slowing economic growth countered support from healthcare giant Novo Nordisk. The pan-European STOXX 600 index inched 0.1% higher to 460.42 points. Danish drug developer Novo Nordisk rose 3.5%, as trading resumed following a holiday in Copenhagen on Monday.
( 7
min )
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. tempered its outlook for 2023 capital spending, as the main chipmaker to Apple Inc. grapples with soft demand for smartphone and computing chips.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock
( 8
min )
Rocket Companies and Zillow just fell out of the Fortune 500. Here's why.
( 9
min )
(Bloomberg) -- Oil edged lower as traders weighed the outlook for supply and demand after Saudi Arabia’s surprise pledge for extra supply cuts.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyWest Texas Intermediate
( 7
min )
After Farmers Group told staff last year they would be remote, some sold cars or moved cities. Now, the insurer’s new leader says, they must come to the office.
( 26
min )
The US economy is in an "extraordinarily dangerous and confusing" time, which will result in "a lengthy period of low returns," Paul Singer said.
( 6
min )
All top 10 non-stablecoin cryptocurrencies took a sharp fall Tuesday morning in Asia, after the SEC sued Binance over alleged securities violations.
( 7
min )
If there’s one way to describe the markets recently, that would be top-heavy. The mega-caps, the largest US companies, have been outperforming the broader indexes, and by their very size they are pulling the rest of the markets along. To give an idea of the scale, the three largest S&P-listed companies are Apple, Microsoft, and Alphabet; together, they have a combined market cap over $6.9 trillion and make up a big chunk of the S&P 500’s total value. That $6.9 trillion is a higher market cap tha
( 10
min )
Learn the difference between R-squared and adjusted R-squared and what each measures.
( 23
min )
An SBA loan may be an option for your business, but getting one might seem daunting. Find out what you need to qualify for an SBA loan.
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A spinoff is a new and independent company created through the distribution of shares in an existing division or business of a parent company to its shareholders.
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The Dow Jones Industrial Average finished the session essentially flat, with tech and financial stocks helping give the index a 0.03% boost.
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Markets rose modestly on Tuesday, June 6, 2023, as semiconductor and regional bank stocks gained.
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The applicable federal rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans.
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See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
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Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
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Robinhood hiked the interest rate for its best customers' uninvested cash balances to 4.65% APY. That's great for a brokerage cash account, but you can earn more elsewhere.
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Apple's new savings account offers a competitive 4.15% interest rate, but 17 high-yield savings accounts pay at least 4.50%, with some rates as high as 5.00%, earning you more.
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How the FAFSA helps students get federal and state financial aid, including grants, loans, and even scholarships.
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The World Bank said the global economy is in a "precarious position" and reduced its outlook for worldwide GDP growth in 2024.
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Venture capital firm Sequoia Capital said it will split into three separate units. The move comes amid a rise in tensions between the U.S. and China, especially on tech issues.
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The government’s consumer watchdog is taking a look at banks’ use of customer service chatbots, finding that automated systems sometimes fail to help customers or give them inaccurate information.
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A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.
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Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
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Explore the historical relationship between interest rate increases and the price of gold, and consider what effect a fed funds rate hike might have.
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A small corporate offering registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.
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Cash on delivery is a type of transaction in which payment for a good is made at the time of delivery.
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Living in New Jersey while working in NYC can have its advantages. Here's a look at some of them.
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Getting your first clients as a financial advisor can be a challenge and takes time. Learn how to get clients as a financial advisor here.
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Closed-end credit is a loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid by a specified date.
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Estimated tax is a quarterly payment that is required of self-employed people and business owners who do not have taxes automatically withheld.
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These are the growth stocks with the fastest EPS and revenue growth heading into June.
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Merck (MRK), the New Jersey-based maker of widely-used cancer treatment Keytruda, filed a lawsuit Tuesday in a federal court in Washington seeking to block the drug negotiation program, created by the Inflation Reduction Act of 2022, from going into effect in 2026.
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Markets were little changed at midday on Tuesday, June 6, 2023, as banking gains were offset by declines in health care and consumer staples stocks, and Coinbase shares tumbled following SEC charges.
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Rates on 30-year mortgages climbed for a second day, after previously sinking to a two-week low. Averages were modestly up across most loan types, though 5/6 ARM rates declined.
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THOR Industries shares jumped after the RV and motorhome maker reported third quarter profit and sales beat estimates.
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The Binance cryptocurrency exchange saw users fleeing after the SEC launched a lawsuit against the firm and its founder.
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A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world.
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Coinbase was sued by the SEC for allegedly operating as an unregistered exchange, its also under fire from ten state regulators and its stock has dropped almost 14% in early trading.
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A resume is a document that job applicants use to summarize their work experience, educational background, and special skills.
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A carbon disclosure rating is a measure of the environmental sustainability of a company, based on voluntary disclosures by the company itself.
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Revolving credit and a line of credit offer flexibility with when you accesses credit, but they are not the same. Learn about the differences in these loans.
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Available credit refers to how much a borrower has left to spend. This amount can be calculated by subtracting the borrower's purchases from the total credit limit.
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Saturn Oil & Gas, Vertex Energy, and Shawcor are top for best value, fastest growth, and most momentum, respectively.
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You might expect all of America's top CEOs to have an MBA from an Ivy League school, but they hail from all kinds of academic backgrounds.
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Moral hazard exists when a party to a transaction has an incentive to take unusual business risks because they are unlikely to suffer potential consequences.
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Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
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The geometric mean is the average of a set of products, the calculation of which is commonly used to determine the performance results of an investment or portfolio.
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The housing market is in a state of “gridlock,” according to mortgage data company Black Knight, which released a report Monday detailing obstacles facing buyers and sellers at many points in the homebuying process.
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A merchant bank conducts underwriting, loan services, financial advising, and fundraising services for large corporations and high-net-worth individuals.
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The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
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Zelfs als het al lukt om de uitstoot van broeikassen fors te verminderen, is de Noordpool waarschijnlijk tussen 2030 en 2050 al vrij van zomerijs. Dit betekent dat het zee-ijs in het noordpoolgebied een stuk sneller gesmolten kan zijn dan aanvankelijk werd verwacht. Dat concluderen onderzoekers dinsdag in het wetenschappelijke tijdschrift Nature Communications.
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De Eerste Kamer heeft dinsdag unaniem gestemd voor de herinvoering van de basisbeurs. Dat betekent dat studenten vanaf september weer maandelijks geld op hun rekening gestort krijgen, dat na hun opleiding een gift wordt. Maar zorg dat je als student niet voor verrassingen komt te staan. Waar moet jij op letten?
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Shell trekt na iets meer dan een jaar de stekker uit Shell Energy Nederland. Ook in Duitsland en het Verenigd Koninkrijk stopt het bedrijf met het leveren van energie aan huishoudens. Dat bevestigt een woordvoerder van Shell aan NU.nl.
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De beurswaarde van cryptoplatform Coinbase is dinsdag met bijna 20 procent gedaald doordat de Amerikaanse toezichthouder SEC een strafzaak is gestart tegen het bedrijf. Het grootste cryptoplatform van de Verenigde Staten zou diensten aanbieden zonder de juiste vergunning.
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NS krijgt een boete van 1,5 miljoen euro omdat de spoorvervoerder vorig jaar minder treinen liet rijden. Het is het maximale bedrag dat verantwoordelijk staatssecretaris Vivianne Heijnen (Infrastructuur) kan opleggen voor het afschalen van de dienstregeling.
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Na ruim vijf jaar leenstelsel keert de basisbeurs in het hoger onderwijs terug. De Eerste Kamer heeft dinsdag ingestemd met een wetsvoorstel dat daarvoor zorgt. Daardoor kunnen zo'n 435.000 studenten van hogescholen en universiteiten vanaf september weer minstens 100 euro per maand krijgen.
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Amerikaanse autoriteiten slepen Binance en topman Changpeng Zhao voor de rechter. Volgens beurstoezichthouder SEC hebben de ondernemer en het cryptoplatform een "web van leugens" gesponnen. Een deel van de beleggers heeft de afgelopen 24 uur hun geld weggehaald.
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Precies tien jaar geleden gaf ING de eerste bankpas uit waarmee je kon betalen zonder de pas in de automaat te steken. Winkeliers en consumenten moesten eraan wennen, maar inmiddels rekenen we ruim 400 miljoen keer per maand contactloos af. En dat kan op steeds meer plekken.
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PostNL heeft te maken met vertragingen bij het bezorgen en retourneren van pakketten. Volgens een woordvoerder is er altijd sprake van een bestelpiek wanneer het vakantiegeld gestort is en we vrije meidagen hebben. Maar er wordt nu meer besteld dan was voorzien.
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Ov-reizigers kunnen sinds dinsdag overal in Nederland inchecken met een betaalkaart. Het Rotterdamse ov-bedrijf RET was de laatste vervoerder die OVpay nog niet had ingevoerd.
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PostNL heeft te maken met vertragingen bij het bezorgen en retourneren van pakketten. Volgens een woordvoerder is er altijd sprake van een bestelpiek wanneer het vakantiegeld gestort is en we vrije meidagen hebben. Maar er wordt nu meer besteld dan was voorzien.
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Microsoft heeft een schikking getroffen met de Amerikaanse toezichthouder FTC. Het techconcern verzamelde illegaal gegevens van kinderen onder de dertien jaar die zich aanmeldden voor gamedienst Xbox Live.
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Schiphol test een nieuwe robot die koffers kan tillen en zo het werk van het personeel kan verlichten. Ook wordt een robot getest die koffers opzij kan schuiven naar de bagageband.
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Bij de Amsterdamse fabriek van PPG wordt deze week gestaakt. Het personeel van de grootste verffabriek van Nederland, waar blikken van bekende merken als Histor en Sigma worden gevuld, probeert zo een hoger loon voor elkaar te boksen.
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Schiphol test een nieuwe robot die in de bagagehal koffers kan tillen en daarmee het werk voor het personeel kan verlichten. Ook wordt een robot getest die koffers opzij kan schuiven naar de bagageband. De luchthaven kondigt aan nog een aantal andere tilhulpen en volledig geautomatiseerde systemen te willen testen.
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De inflatie was in de maand mei 6,1 procent, terwijl de prijzen in april nog 5,2 procent hoger waren dan een jaar eerder. Eten en drinken is nog altijd veel duurder dan een jaar eerder, terwijl de energieprijzen niet hard genoeg dalen om de inflatie omlaag te brengen.
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Het leek alsof geen groot techbedrijf nog een presentatie kon geven zonder focus op kunstmatige intelligentie. Maar Apple trekt zich niets van die trend aan en zet juist vol in op augmented reality, met een bril van 3.499 dollar: de Vision Pro.
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De inflatie was in de maand mei 6,1 procent, terwijl prijzen in april nog met 5,2 procent stegen ten opzichte van een jaar eerder. Eten en drinken blijft veel duurder dan een jaar eerder, terwijl energieprijzen niet hard genoeg dalen om de inflatie omlaag te brengen.
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De Autoriteit Persoonsgegevens (AP) heeft in vijf jaar tijd al meer dan 114.000 meldingen van datalekken ontvangen. Soms komen daarbij de gegevens van honderdduizenden mensen op straat te liggen. Volgens de toezichthouder is daardoor bijna iedere Nederlander al één of meerdere keren slachtoffer geworden van een datalek.
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Unemployment is the term for when a person who is actively seeking a job is unable to find work.
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A variable annuity is a type of annuity that can rise or fall in value based on the performance of its underlying investment portfolio.
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The National Foundation for Credit Counseling (NFCC) is a national network of non-profit credit counseling organizations. Learn how it works.
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Marijuana-focused cryptocurrencies began in 2014 and surged in 2018 as global legalization efforts began.
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Stashing cash in a high-yield bank account is an easy way to earn a lot more interest on your money, and right now, you can earn 5.25% with the top money market account.
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Delinquency rates on commercial mortgage-backed securities backed by office properties jumped in May by the most since June 2018.
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Markets fell on Monday, June 5, 2023 as initial enthusiasm for Apple's new headset faded.
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Apple shares hit an all-time high on Monday as the company released its long-awaited mixed reality headset.
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Sales of Tesla EVs made in China soared in May and were up 142% from the same period in 2022, when COVID-19 restrictions limited production.
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A dividend is usually declared quarterly after a company finalizes its income statement and dividends are paid either by check or in additional shares of stock.
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When the economy blows up, find out what funds offer some protection from major losses.
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GM said it plans to invest more than $1 billion on manufacturing new heavy-duty ICE pickups.
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This week’s cryptocurrencies to keep an eye on are XRP (XRP), The Sandbox (SAND), XDC Network (XDC), and Lido (LDO).
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The SEC has sued Binance, BAM Trading Services, and founder Changpeng Zhao for violating U.S securities laws, including the operation of an unregistered exchange.
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You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
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With the plethora of digital currency exchanges, how can an investor choose the right one? Take the steps to find the best exchange for your needs.
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The financial services sector consists of a diverse group of companies that goes beyond banks and credit unions.
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Especially at senior levels, LGBTQ+ representation in the workplace is low.
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Employers in the service sector say they’re pulling back on hiring, raising concerns about cracks showing in the until-now stalwart labor market.
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Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.
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A derivative that gives the holder the right, but not the obligation, to buy or sell a security at a certain price before expiration.
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Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.
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A blank check company is a developmental stage company that has no specific business plan or has the intent to merge or acquire another firm.
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Personal loan rates continued to moderate this week, lowering the overall average by 7 basis points.
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Apple's stock has risen to a new all-time on Monday ahead of its developer conference where the company is expected to unveil its mixed reality headsets.
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Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.
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The dividend discount model (DDM) is a system for evaluating a stock by using predicted dividends and discounting them back to present value.
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A bribe is an illegal act in which a gift (for example, money) is given with the goal of influencing an outcome.
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Finance is the study of money management and the process of acquiring needed funds—including personal finance, corporate finance, and public finance.
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U.S. equities were mixed at midday on Monday, June 5, 2023, with Apple helping to boost the tech sector.
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A risk premium is the return in excess of the risk-free rate of return that an investment is expected to yield.
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Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.
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EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.
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Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.
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Next of kin is usually defined as a person's closest living blood relative, someone who may have inheritance rights, and obligations.
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Property taxes can be a huge burden for the homeowner. Learn more about some of the tricks you can use to lower your property tax.
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Delivered-at-place (DAP) refers to an arrangement wherein the seller covers the costs and takes on the risks of moving product to the buyer's location.
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Federal regulators are preparing to introduce new banking rules that would force big banks to hold up to 20% more capital, the Wall Street Journal reported Monday.
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BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield
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Lex Sokolin, one of our favorite futurists, rejoins The Express to show us how A.I., ChatGPT, and the Blockchain are already changing finance and investing, and where they are taking us into the future.
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The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.
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These five popular candlestick chart patterns signal a bullish reversal in downtrend.
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A virtual assistant is an independent contractor who provides administrative services to clients while working outside of the client's office.
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Learn about the Securities Industry Essentials Exam (SIE), the streamlined qualification test from FINRA for people looking to get a job in the securities industry.
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Positive pay is a banking service used to match the checks a company issues with those it presents for payment. Learn how it is used to deter check fraud.
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Electric vehicles are set to become a $700 billion market by 2030, and the electric boat niche is a very fast-growing part of that market
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Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state. State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” The decision did not impact personal auto insurance.
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(Bloomberg) -- Intel Corp., the largest US chipmaker by revenue, will sell part of its holdings in Mobileye Global Inc., raising about $1.48 billion for its ambitious spending plans. Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyA Wall Street Titan Scores One of the Best Real Estate Trades EverOil Nudged Higher by Saudi Surprise Cut as Traders Wait and SeeUS F-16 Triggers Sonic Boom Pursuing Cessn
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In the realm of artificial intelligence (AI), professionals often compare the progress of AI systems to raising a toddler. Similar to how toddlers rely on adults for guidance and education to develop and mature, AI creations like the widely known chatbot phenomenon ChatGPT also depend on human intervention to gain knowledge and communication abilities. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families This has giv
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The Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking sector, Jim Bianco, president and founder of Bianco Research said.
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Shares of U.S. banks fell on Monday with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders. The U.S. government is expected to issue $1 trillion or more of short-term debt to replenish its Treasury General Account (TGA) or cash reserves that were depleted during the political haggling over the debt ceiling. Some analysts have warned that this flood of new bills could drain bank reserves at time when liquidity is needed to bolster their balance sheet given the recent shocks to the financial system from the regional banking crisis.
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Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1, 2023, Blackstone announced it is limiting investor withdrawals from its REIT, which is worth an estimated $70 billion. This move is not a new trend, as Blackstone has been limiting monthly investor withdrawals
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Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Deutsche Bank strategist Steven Zeng said in a recent research note he expected net bill issuance of $400 billion in June, followed by $500 billion between July and September.
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At Berkshire Hathaway Inc.’s annual shareholder meeting, Charlie Munger’s revelation about a brilliant investment he made over 60 years ago offered a glimmer of hope and inspiration to investors worldwide. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The octogenarian billionaire has been raking in $70,000 per year from a $1,000 bet on oil royalties, a deal he struck with a golfer named Al Marshall after a cha
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Personal finance guru received up to $30 million for promoting timeshare exit company that failed to help customers, complaint alleges.
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History repeats itself.
According to Dow Jones Market Data, Apple shares have averaged a 0.3% decline during WWDC keynotes, going back to 2013.
Sure enough, tn the first few minutes after Apple announced and offered details for its 'Vision Pro' mixed reality headset, the company's stock lost its g
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As a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space, Elon Musk isn’t known for being a real estate guru. But lately, the billionaire has been sounding the alarm for the sector. “Commercial real estate is melting down fast,” Musk said in a recent tweet. “Home values next.” He elaborated on the dire forecast during an interview with former Fox News personality Tucker Carlson in April. “We really haven’t seen the commercial
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The 10% reduction in output suggests Riyadh is willing to sacrifice market share to prop up prices.
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Binance is by far the world's largest cryptocurrency exchange and a pillar of the digital asset economy. Bitcoin fell after the news of the SEC charges.
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The data-analytics software company says it was awarded a contract from the U.S. Special Operations Command.
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min )
Citi analyst Christopher Danely says chip stocks "are due for a pullback.” He's cautious on the group, and has moved Micron stock to the front of the pack.
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min )
HSBC Global Research analyst Adam Fox-Rumley cut his price targets on AT&T, T-Mobile, and Verizon.
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Billionaire and Microsoft Corp. Co-Founder Bill Gates continues to make waves with his latest venture into the beer industry. Gates made headlines by acquiring a substantial stake in Heineken Holding NV (OTC:HEINY), a Dutch company worth nearly $1 billion. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The transaction, which occurred on Feb. 17, involved Gates purchasing 10.8 million shares valued at $939.87 mi
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Apple shares have reached an all-time high as the tech company prepares to unveil its long-awaited virtual reality headset.
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Anti-woke entrepreneurs seem to have forgotten the most basic requirement of capitalism: to make a profit.
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EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.
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A renovated Walgreens store in downtown Chicago now only has two aisles of products available for public browsing while the rest is behind counters.
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BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield
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(Bloomberg) -- The S&P 500 Index is heading toward a bull-market milestone after stocks rallied back from last year’s lows on optimism the Federal Reserve is nearing the finish line of its interest-rate hikes. Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedSaudi Shoulders Burden to Support
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min )
Canaccord analyst George Gianarikas has an idea for a price reduction that investors would probably love.
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min )
Employer-sponsored, tax-deferred retirement plans like 401(k)s and 403(b)s have rules about when you can access your funds. As a general rule, if you withdraw funds before age 59 ½, you'll trigger an IRS tax penalty of 10%. The good news … Continue reading → The post What Is the Rule of 55 and How Does It Work? appeared first on SmartAsset Blog.
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Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you'll probably owe more when taxes are due, … Continue reading → The post How Taxes on Lottery Winnings Work appeared first on SmartAsset Blog.
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Asset protection planning aims to protect assets from creditor claims. Here's a breakdown of several ways to go about this process.
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Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a 23% jump next year. Morgan Stanley predicted the index to rebound to 4,200 levels in 2024 while keeping its 2023-end target unchanged at 3,900. A slew of positive news, with expectations of a Fed pivot, persistent improvement in liquidity, and AI-related tailwinds to mega-cap names such as Nvidia Corp, have buoyed indexes so far, Morgan Stanley said.
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Investors are awaiting news from the company's Worldwide Developers Conference, including the expected launch of a mixed-reality headset.
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The deal for the pump-and-valve maker counts as a relatively large leveraged buyout as financing for such takeovers has become more scarce.
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KKR said it will pay $49 a share, sending the shares of Massachusetts-based Circor surging 49% to $47.20 in premarket trading. Circor, which has about 3,100 employees, makes pump and valve systems for sectors including industrial, aerospace, defense, oil and gas. The Wall Street Journal first reported the deal, citing people familiar with the matter.
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Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.
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The global beer conglomerate finds itself caught up in a distinctly American uproar. But for long-term investors, the Bud Light brouhaha could be a rare buying opportunity.
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Johnson & Johnson's legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting. Stelara, introduced in 2009, has been J&J’s top-selling drug since 2019, with sales reaching $9.7 billion in 2022. Its patents begin to expire this year, opening the door to a cheaper biosimilar entering the market, and raising expectations that the company would need to lower the $13,000 per month price of Stelara.
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(Bloomberg) -- Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fea
( 7
min )
(Bloomberg) -- Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.The tar that infuses the sands in Canada’s remote northwest is so sticky the region’s indigenous people traditionally used it to waterproof their canoes. It wasn’t much use for anything else unti
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(Bloomberg) -- The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an interest-rate increase, while explaining to the public that officials aren’t done yet.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Supp
( 8
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↗️ Palo Alto Networks (PANW): The stock will join the S&P 500 benchmark, replacing Dish Network (DISH), the index compiler S&P Dow Jones Indices said. Shares in Palo Alto Networks gained mor
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Commodity prices are in retreat, signaling a deceleration in the world economy but lending central banks a hand in their fight against inflation.
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U.S. futures paused on Monday after stocks tore higher on Friday after the latest jobs report. As investors look ahead to the Federal Reserve’s monetary policy decision next week, services-sector data due in the day ahead are in focus.
Futures for the Dow Jones Industrial Average advanced 30 points
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Crude oil futures opened the trading week higher after Saudi Arabia said that it was cutting production on top of OPEC+ reductions.
Most-actively Brent crude oil contracts jumped, and recently stood more than 2.2% higher at $77.84 a barrel. The equivalent contract for the U.S. benchmark, West Texas
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The shares moving the most today.
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Our managers were all replaced with coaches, with a ratio of one coach per six employees.
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U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, data from the China Passenger Car Association (CPCA) showed on Monday. That represented a 2.4% jump from April when Tesla sold 75,842 locally made Models 3 and Y in the world's largest auto market. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures, disrupting production.
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(Bloomberg) -- European stocks may drop as much as 10% over the next few months.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fears of Conflict in AsiaThat’s the view of Morgan Stanley strategists led by Graham Secker, who expect the MSCI Europe Loca
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At just over $71 a barrel, WTI crude remains above a key “support” level in the high-sixties.
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Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening. Shanghai, Hong Kong and Seoul also rose. Wall Street's benchmark S&P 500 index leaped 1.5% on Friday, putting it on the verge of entering what traders call a “bull market” after rising nearly 20% in seven months.
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The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. The Australian dollar erased early losses after a report showed a pick-up in services activity in key trading partner China. The Canadian dollar proved resilient, buoyed by a spike in crude oil prices.
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A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said. Oil prices jumped more than $1 a barrel on Monday as the Saudi energy ministry said on Sunday its output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the kingdom's biggest reduction in years. The voluntary cut pledged by Saudi is on top of a broader deal by the Organization of the Petroleum Exporting Countries and their allies including Russia to extend production cuts into 2024 as the group seeks to boost flagging oil prices.
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(Bloomberg) -- Morgan Stanley anticipates a sudden pullback in corporate earnings will slam the brakes on a US equity rally, a call at odds with Wall Street estimates. Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime Membe
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min )
Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery.
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(Bloomberg) -- Asian stocks were poised to climb Monday after the S&P 500 rose to the cusp of a bull market amid strengthening bets for a Federal Reserve rate pause this month. Oil rallied on a supply cut from Saudi Arabia.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-Chin
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(Bloomberg) -- Saudi Arabia said it will make an extra 1 million barrel-a-day production cut in July, taking its production to the lowest level for several years after a plunge in crude prices.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fails to Stem Asia
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(Bloomberg) -- Financial professionals have a warning for their employers: Don't ask me to come in to the office more often, or I’ll quit.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineQatar Airways Plans for Future Without First Class on Long-HaulOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetThat's according to the latest Ma
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Na een koel en fris voorjaar genieten Nederlanders momenteel massaal van de zon. Alleen is dat lekkere weer minder goed voor je gazon. Hoe zorg je er ondanks de droogte voor dat jouw gras groener is dan bij de buren?
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De Europese gasprijs is maandag voor het eerst sinds maart tot 20 procent gestegen. Dat komt voornamelijk doordat steeds meer Aziatische landen proberen vloeibaar gemaakt aardgas (lng) te bemachtigen. De markt voor lng wordt daardoor krapper.
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Hooikoortspatiënten bestellen de laatste weken massaal pillen, sprays en druppels. De verkopen zijn veel hoger dan gebruikelijk in deze tijd van het jaar. Dat merkt A.S. Watson, het bedrijf achter drogisterijketens Trekpleister en Kruidvat.
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min )
VDL Groep, die ook eigenaar is van VDL Nedcar, gaat aluminium fietsframes maken. Het daarvoor opgerichte VDL Bike Frame strijkt neer in Breda.
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min )
Bingoal heeft van de Kansspelautoriteit een boete van 400.000 euro gekregen. Het sportgokbedrijf richtte zich in een reclame op jongvolwassenen in de leeftijd van 18 tot 24 jaar. Dat is verboden.
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min )
Supermarktconcern Jumbo gaat terug naar de kern. Waar in het verleden een product werd toegevoegd als een klant erom vroeg, houdt de keten het assortiment nu kritisch tegen het licht.
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min )
Het blijft voor Oekraïne waarschijnlijk verboden om graan te verkopen in vijf Oost-Europese landen. De landen vrezen voor concurrentie van het goedkopere Oekraïense graan en dwongen vorige maand al een tijdelijk verbod af, dat maandag afloopt. Een verlenging tot september is in de maak.
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Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.
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min )
Niet eerder is er zoveel energie opgewekt met zonnepanelen als in de maand mei. Het is ook voor het eerst dat deze hernieuwbare bron meer energie opleverde dan biomassa, zo blijkt uit cijfers van Energieopwek.nl.
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Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.
( 3
min )
De langlopende hypotheekrentes zijn in 2023 nauwelijks veranderd, ziet De Hypotheker. Ook maakt het nauwelijks meer uit of je de rente vastzet voor tien, twintig of dertig jaar.
( 3
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Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.
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Drie kwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan de klant. Dat komt vooral doordat ze bang zijn om klanten kwijt te raken aan de concurrentie. Bovendien zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.
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Zo'n 5 procent van de bedrijven in Nederland dreigt door schulden in de knel te raken. Het gaat om vijfduizend tot tienduizend ondernemingen. Onder meer in de horeca vrezen veel ondernemers dat ze niet meer aan hun betalingsverplichtingen kunnen voldoen.
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In steeds meer sectoren kunnen we met vervroegd pensioen. Dat betekent dat iemand met een zwaar beroep bijvoorbeeld drie jaar eerder kan stoppen met werken, maar daar wordt nauwelijks gebruik van gemaakt.
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Understand how to leverage the principal residence exclusion to reduce or eliminate paying capital gains tax.
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The tax implications of opening a foreign bank account are complicated, as the IRS is hostile to U.S. citizens holding such accounts.
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min )
The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.
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The acid-test ratio is a strong indicator of whether a firm has sufficient short-term assets to cover its immediate liabilities.
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Electronic statements should be accessible for as long as you'll need them. If you get paper statements, keep them for at least a year and then shred them.
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min )
Some homeowners can still qualify for a tax deduction on home equity loan interest thanks to a loophole, but only if they meet certain criteria.
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Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible.
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min )
Green economic theories encompass a wide range of ideas, all dealing with the interconnected relationship between people and the environment.
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TRY is the abbreviation for the domestic currency used in the Turkish Republic of Northern Cyprus as well as in Turkey.
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Improved gas mileage is good for your wallet, good for your car, and good for the environment. Here's how to achieve it.
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If you're changing jobs you may have the option to roll over your 401(k) into a plan. Learn more about how to transfer a 401(k) to new job.
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Insider trading is using material non-public information to trade stocks and is illegal unless that information is public or not material.
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Determining stop-loss is about targeting an allowable risk threshold and should be strategically derived with the intention of limiting loss.
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A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company.
( 19
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Learn about the just in time (JIT) production strategy and how the precise coordination and timing it requires can end up costing a business money.
( 19
min )
Shares are a unit of ownership of a company that may be purchased by an investor.
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Which entertainment sector is more profitable: movies or TV? Let’s take a look. You might be surprised by the results.
( 19
min )
Modified accrual accounting is a bookkeeping method commonly used by government agencies that combines accrual basis accounting with cash basis accounting.
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An amendment is a change or addition to the terms of a contract agreement, government document, or law.
( 19
min )
Learn the differences between margin calls and fed margin calls while reviewing the definitions of each and how to satisfy each call.
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Marginal cost is the change in total cost that comes from making or producing one additional item.
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The world’s richest people saw the biggest decline in wealth in more than a decade in 2022, with high net worth individuals losing $3 trillion collectively.
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Austerity is defined as a state of reduced spending and increased frugality.
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The SEC has always pursued insider trading as a key element of its activities. Here are a few of the most notable cases throughout the years.
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It can be difficult to send large sums of money abroad. Learn more about the top five safest ways to send and receive large sums of money internationally.
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min )
A chargeback is a charge that is returned to a payment card after a customer successfully disputes an item on their account transactions report. Learn more.
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Hyperinflation describes rapid and out-of-control price increases in an economy. Learn the causes of hyperinflation and how it can impact everyday consumers.
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Proof of funds (POF) refers to a document that demonstrates a person or entity has the ability and funds available for a specific transaction.
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Lockbox banking is a service provided by banks to companies for the receipt of payment from customers.
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Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.
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Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.
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(Bloomberg) -- President Joe Biden’s signature of legislation suspending the federal debt ceiling has given the Treasury Department the green light to resume net new debt issuance after months of disruption.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fail
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The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to strengthen Tesla’s ties with the world’s largest auto market. It’s Musk’s first visit since the COVID-19 pandemic, and his commitment to China isn’t surprising given how much China’s vehicle sales carry the automaker’s global sales. In Q1, China accounted for over half of Tesla’s deliveries.
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"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.
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Earnings reports from Gitlab, Ciena, J.M. Smucker, Brown-Forman, Campbell Soup, GameStop, DocuSign, Vail Resorts, and NIO. Plus, services PMI and durable goods.
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Saudi Arabia has announced plans to cut its oil production by 1 million barrels per day (bpd) as the Kingdom pledged to do “whatever is necessary” to prop up sagging prices.
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Executives aim to sell the shares for between $17 and $19 apiece. The high end of that range would value Cava at around $2.2 billion.
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Homeowners say they are getting bills and foreclosure threats on second mortgages they thought were taken care of long ago.
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Todd, who has anchored the Sunday program since 2014, will step down in September.
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Doubling up retirement plans adds some complexity, but it could be worth it.
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While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.
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Certificates of deposits are some of the safest investments you can make. They are not dependent on the stock market, they are protected by deposit insurance and they have clear terms that you understand going in. A bump-up CD, also … Continue reading → The post What Is a Bump-Up CD and How Is it Used to Increase Your APY? appeared first on SmartAsset Blog.
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Retiring when you're in your 60s or younger is the goal for every worker. But can you retire comfortably at the age of 65 with $1 million? For some people, yes. But the true answer is that there is no … Continue reading → The post Can I Retire at 65 With $1 Million? appeared first on SmartAsset Blog.
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It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
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An annual income of $250,000 won't put you in the top 1% of earners, but it will get you close to it. That's because only 7% of households in the United States earn $250,000 per year1. How far that income … Continue reading → The post Where High Earners Lose The Most To Taxes and Cost of Living - 2023 Study appeared first on SmartAsset Blog.
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Volkswagen is the latest carmaker to invest in securing its own supplies for building batteries—and capturing more profits.
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A record share of first-time buyers are taking out mortgages with terms of 35 years or more as soaring costs force more Britons to sign up to a lifetime of debt.
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min )
California State Teachers’ Retirement System, the second-largest U.S. pension, didn’t budge on first-quarter stock losers Nikola, Bed Bath & Beyond, KeyCorp, and Zions.
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German car makers are ramping up pressure on Brussels to avoid a post-Brexit “cliff edge” for the auto industry as officials in Whitehall race to strike a deal.
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min )
Retailers are seeing strong growth in China after years of pandemic restrictions. The recovery is tenuous, analysts say.
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New actively managed funds are giving investors broader exposure to artificial intelligence development.
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There are 23 biotechs with negative enterprise values in the XBI and the iShares Biotechnology ETFs.
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The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday at OPEC headquarters in Vienna after sending mixed signals about possible moves. Saudi Arabia, dominant among the oil cartel's members, has warned speculators that they might get burned by betting on lower prices.
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Roughly 80 miles west of the Shetland Islands, on the edges of the North Atlantic, the biggest undeveloped oil field in UK waters sits deep beneath the waves.
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(Bloomberg) -- Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk the common currency.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With
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Higher mortgage rates stopped both home buyers and sellers in their tracks in the spring, putting an end to the pandemic home-buying boom. Summer might not be better.
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(Bloomberg) -- OPEC+ ministers meet on Sunday to hash out a deal on oil production after a last-minute fight with African members threatened to derail the gathering.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With Inflation
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min )
Former British tech champion THG is facing a shareholder revolt at its investor meeting that risks deepening chief Matthew Moulding’s dislike of the London market.
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min )
OPEC and its allies meet Sunday in Vienna to decide on an output plan.
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Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007.
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min )
Driekwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan klanten. Dat komt vooral omdat ze bang zijn om klanten kwijt te raken aan de concurrentie. Ook zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.
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min )
Afrikaanse leden van oliekartel OPEC+ worden steeds meer onder druk gezet om de ruimte binnen hun doelstellingen voor olieproductie op te geven. Die ruimte willen de Verenigde Arabische Emiraten (VAE) graag gebruiken om zelf meer te kunnen produceren. Vooral Angola en Nigeria halen hun doelstellingen niet.
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min )
Egypte heeft drie sleepboten ingezet om een olietanker met motorpech in het Suezkanaal weg te slepen. Die tanker stremt het verkeer in de kortste scheepvaartroute tussen Azië en Europa.
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min )
Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.
( 3
min )
Voor Apple-fans is het lange wachten eindelijk voorbij: maandag lanceert de techreus naar alle waarschijnlijkheid na vele jaren weer een belangrijk nieuw product. Apple komt op zijn jaarlijkse ontwikkelaarsconferentie WWDC volgens vele geruchten met een eigen virtualreality-bril (VR).
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min )
De Duitse zeepmaker Henkel, bekend van merken als Pritt en Persil, heeft de mogelijkheid om zijn activiteiten in Rusland binnen nu en tien jaar terug te kopen. Voorwaarde is wel dat de omstandigheden in en de relatie met dat land "fundamenteel" veranderen.
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min )
Steeds meer Nederlanders hebben zonnepanelen op het dak liggen. Maar wanneer produceren deze panelen nou de meeste stroom?
( 3
min )
We krijgen deze zomer meer dollars, kronen, lira’s en Antilliaanse guldens voor een euro. De waarde van onze munt bij een wisselkantoor zit in de lift. Dat kan interessant zijn richting het vakantieseizoen. Maar je reis wordt er niet altijd goedkoper van.
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min )
Als de Eerste Kamer dinsdag met de herinvoering van de basisbeurs instemt, krijgen studenten vanaf september weer maandelijks een bedrag dat na hun opleiding een gift wordt. Dat is een opluchting voor veel studenten, al is het wetsvoorstel volgens velen verre van perfect.
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min )
A vostro account is an important part of correspondent banking in which a foreign bank provides financial services on behalf of a domestic bank.
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The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced LIBOR.
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min )
Strengthen your marriage by understanding and dealing with these six major financial stressors.
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You can take funds from your retirement account for immediate and pressing financial needs. But you'll pay a price for doing so.
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min )
A crossed check is a check that has been crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check.
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min )
The Basic Attention Token (BAT) fuels the Brave browser, which aims to revolutionize digital advertising through blockchain technology.
( 21
min )
Craig Wright claims to be Satoshi Nakamoto, the mysterious inventor of Bitcoin. But his claim is riddled with holes.
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min )
The empirical rule is a statistical theory stating that 99.7% of normally distributed data will fall within three standard deviations from the dataset's mean.
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min )
Tezos (XTZ) is a decentralized blockchain network with an associated cryptocurrency token and a colorful history.
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min )
Fee-only financial advisors get paid for their services, not by commission. Learn why that matters and why you may still want to hire one.
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min )
The world’s billionaire population fell by 3.5% in the latest year, with tech, healthcare, and real estate fortunes particularly vulnerable.
( 18
min )
Kanye West has a net worth of $400 million as of 2023, according to Forbes. West’s net worth dropped from $2 billion after Adidas and other companies cut ties with the rapper in 2022 after antisemitic comments and offensive behavior.
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min )
An irrevocable letter of credit is a bank guarantee for payment by the party requesting the letter. It cannot be revoked.
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min )
Normal or bell curve distribution can be used in portfolio theory to help portfolio managers maximize return and minimize risk.
( 24
min )
Investment management is just one part of a financial advisor's role.
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min )
(Bloomberg) -- For over a year, bond traders been whipsawed by uncertainty about how high the Federal Reserve will push interest rates. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersTrillion-Dollar Treasury Vacuum Coming for Wall Street RallyRich Latin Americans Transform Laid-Back Madrid Into a New MiamiChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthUS Chides China Over Defense Talks as Navy Sails by TaiwanBut that’s now giving way to a gro
( 8
min )
Some lawmakers are seeking legislation or action by President Biden to avoid the recurring high-stakes standoffs on Capitol Hill.
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min )
"For new home buyers, this is the worst situation since the end of the Great Recession."
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min )
(Bloomberg) -- With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a N
( 9
min )
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) reached a tentative agreement to raise the U.S. debt ceiling over the weekend, allowing a ray of hope to peek through the fiscal cloud that had been hanging over D.C. This … Continue reading → The post What the Tentative Debt Ceiling Deal Means For You appeared first on SmartAsset Blog.
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min )
Eight million is the sobering figure economists urge you to remember. If the U.S. were to default on its debt, the repercussions would be large: a staggering loss of more than 8 million jobs, accompanied by a protracted recession that could … Continue reading → The post Investor Panic: Potential Consequences of a U.S. Debt Default Revealed appeared first on SmartAsset Blog.
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min )
Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.
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min )
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
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A 401(k) is an employer-sponsored, tax-advantaged retirement plan. You fund this account by contributing a set percentage of your paycheck into the account. One of the biggest perks of a 401(k) plan is that employers have the option to match your … Continue reading → The post How the Employer Match Works With the 401(k) Limit appeared first on SmartAsset Blog.
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Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.
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Retiring before you're 50 may sound like a pipe dream, but a nest egg of $2 million can make this a reality. The question is, how can you save that amount in only about two decades? Depending on your circumstances, … Continue reading → The post How to Retire at 45 With $2 Million appeared first on SmartAsset Blog.
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It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As … Continue reading → The post Am I Saving Too Much for Retirement? appeared first on SmartAsset Blog.
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To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you're among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other … Continue reading → The post Is $3 Million Enough to Retire at 65? appeared first on SmartAsset Blog.
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A Roth individual retirement account (IRA) can be a helpful tool for retirement planning. These tax-advantaged accounts offer a way to save money in addition to what you might be contributing to a 401(k) or similar workplace plan. And if … Continue reading → The post Roth IRA Income Limits for 2023 appeared first on SmartAsset Blog.
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Taking money out of a 401(k) is a big decision. The specifics of how to take money out of a 401(k) plan depend on your age, employer plan, whether you're still working for the company that sponsors your 401(k) plan … Continue reading → The post How to Take Money Out of a 401(k) Plan appeared first on SmartAsset Blog.
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With all the attention on ChatGPT, here is how to choose an AI fund. They’re not all alike.
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If you haven’t gone to therapy yet, here’s your sign: Addressing your childhood trauma could be critical for your career.
( 9
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Employment is soaring yet output is falling, by one measure. Blame a historic slump in productivity.
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If you want to use tax losses from individual equities or mutual funds to offset gains elsewhere, it is key to use an accounting system that allows you to specify which shares can be sold.
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The chip giant says its Arizona hiring is on schedule, but recruiters say the company is a hard sell.
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As the world’s biggest oil producers gather to decide on a production plan, the spotlight is on Prince Abdulaziz bin Salman’s fixation on traders whose bets can cause crude prices to fall.
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(Bloomberg) -- Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the Making of Redfall, Xbox’s Latest Misfir
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Whitney rose to prominence as an Oppenheimer analyst and went on to a career in startups. Now she's ready for a new chapter.
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It is more than a century since the first jobless benefits were paid in Britain, when David Lloyd George’s Liberal government introduced unemployment insurance through the National Insurance Act of 1911.
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Markets cheered the end of the debt ceiling showdown as the Senate sent the bill to raise the US borrowing limit to President Biden's desk.
( 7
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Bouwbedrijf Heijmans heeft zaterdag het predicaat koninklijk gekregen. De bouwer uit Rosmalen bestaat honderd jaar en krijgt bij dat jubileum de royale titel uitgereikt. Shell en DSM verloren onlangs nog hun kroon. Hoe zit het met het predicaat koninklijk?
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De Amerikaanse president Joe Biden heeft zaterdag zijn handtekening gezet onder het wetsvoorstel dat de verhoging van het schuldenplafond regelt. Daarmee is voorkomen dat de VS zijn financiële verplichtingen niet meer kan nakomen.
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Ga je deze zomer buiten Europa op vakantie, denk dan goed na over het gebruik van je smartphone. Met een beetje pech verbruik je in enkele seconden voor tientallen euro's aan mobiel dataverkeer. Gelukkig zijn er manieren om te voorkomen dat je thuis een dikke telefoonrekening op de mat vindt.
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De Amerikaanse president Joe Biden ondertekent mogelijk zaterdag al het wetsvoorstel dat de verhoging van het schuldenplafond regelt, laat een regeringswoordvoerder weten.
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Er zijn vijfhonderd e-mailadressen van gepensioneerden bij pensioenfonds ABP gelekt. Het lek kwam tot stand door een "menselijke fout" bij het verzenden van een e-mail, zegt een woordvoerder van ABP.
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It's possible that Saudi Arabia brings a more assertive stance to the table when OPEC+ holds its meeting on Sunday.
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All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla's website. The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax credit is broken into two parts.
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Changes in the Federal Reserve’s balance sheet, the Treasury’s cash balances, bank reserves, and other factors will probably affect equities.
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Company said it removed certain produced content from its DTC segment on May 26.
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Regulators don't have a clear view into the huge world of nonbank finance, or 'shadow banking.' Barron's peers into this opaque world.
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LS Power purchased 5.9 million shares in EVgo’s recent stock offering. EVgo Chairman David Nanus is on LS Power’s management committee.
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(Bloomberg) -- The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiInside the Making of Redfall, Xbox’s Latest MisfireHedge Funds at War for Top Traders Dangle $120 Million Payout
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Analysts weigh in on Kenvue, C3.ai, CSX, Toast, and Ryanair Holdings
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Tim Chen, CEO and co-founder of NerdWallet Inc., has come a long way since the 2008 financial crisis when he found himself among the unemployed, like many others at that time. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families After spending four years working in hedge funds such as Perry Capital and JAT Capital Management, Chen received the news of his layoff around Christmas, leaving him devastated. “It was super
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Tesla stock is up more than 4% in late trading. One reason looks technical. The other looks like unemployment did the trick.
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Making money in the stock market sounds like a dream come true, and for most traders, it's just that: a dream. Unless your name is Jack Kellog, the 24-year-old who achieved $8 million in gains from day trading in 2020 and 2021. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Where It All Started Starting his trading journey in 2017 with only $7,500, Kellogg has encountered and overcome various market conditions,
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Like the PC and cellphones, artificial intelligence has the capacity to rewrite how almost every business works—including investing. Here’s how it might change things for retail and institutional investors.
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White-collar jobs are most at risk.
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(Bloomberg) -- A deal to rescue one of the biggest suppliers of soybean meal fed to livestock herds around the world is at risk of falling apart because of court delays and Argentina’s worst drought in living memory.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the
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DuPont, Corteva, Chemours, and 3M shares are up after a $1.2 billion legal settlement over PFAS chemicals. Here's how investors can make sense of that.
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Wall Street analysts are telling clients TSMC's exposure to the AI trend might be limited this year.
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With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s jour
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The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.
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Evercore ISI analyst Kirk Materne says artificial intelligence is going to provide a gigantic boost to Microsoft, which is in a "unique position to monetize the platform shift to AI."
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Amazon.com is reportedly in talks with phone carriers to offer low-cost or free nationwide mobile phone service to Prime subscribers.
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Hiring was strong in May, but wage gains showed less inflationary pressure from the labor market.
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Molson Coors brands Coors Light and Miller Lite have grown market share as Bud Light faced a backlash. TD Cowen analyst Vivien Azer says Molson Coors will enjoy “durable market-share momentum.”
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If a headset is unveiled at Monday's WWDC, Apple shares might get a big boost too.
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Dish Network Corp (NASDAQ: DISH) stock is up Friday amid reports of selling wireless plans for its mobile phone service through Amazon.Com Inc(NASDAQ: AMZN). Amazon has been talking with wireless carriers about offering Prime subscribers $10 a month or possibly for free and bolster loyalty among its biggest spending customers. The company is negotiating with Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NYSE: TMUS), and Dish for the lowest possible wholesale prices, Bloomberg reported
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After NVIDIA's (NASDAQ:NVDA) astounding AI-fueled earnings results and guidance last week, its valuation briefly vaulted past the $1 trillion mark and Wall Street analysts scrambled to jack up estimates on the company. But that massive surge makes Nvidia a tricky buy right now: InvestingPro’s fair value algorithm calls the stock overvalued at current levels, with some 30% potential downside risk.
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Bank stocks have been “excessively penalized,” says Wells Fargo analyst Mike Mayo. Here are some names to consider.
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Barcalys analyst Dan Levy feels better about the EV start-up after a visit to its assembly plant in Normal, Illinois.
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Benzinga Made-In-China Teslas Are The Highest Quality, Says Musk: ‘It Warms My Heart’ Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is back in America after a two-day trip to China, his first since the onset of the COVID-19 pandemic. The billionaire entrepreneur made a pitstop at Giga Shanghai as part of his tour and delivered a late-night speech praising his Chinese staff. Sharing pictures from his visit to the Gigafactory on Wednesday evening, Musk tweeted, “Congratulations to Giga Shanghai & Tesla C
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(Bloomberg) -- One of Nvidia Corp.’s long-term investors is trimming bets on the stock, saying the frenzy around artificial intelligence has pushed valuations too far.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich Latin Americans Transform Laid-Back Madrid Into a New MiamiEdmond de Roths
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The Secure 2.0 Act has all sorts of provisions that take effect between now and 2027. Here’s when they kick in.
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↗️ Lululemon Athletica (LULU): The athletic-gear maker raised its annual outlook on sales growth in China. Shares climbed around 12%, snapping a nine-day losing streak.
↘️AT&T (T), [**Verizon (VZ)
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Dollar General's lowered outlook casts a shadow on prospects for discount retailers but some analysts still see opportunities.
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(Bloomberg) -- Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a challenge as the used car retailer attempts to rein in its debt load.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsAmazon Is in Talks to Offer Free Mobile Service t
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California’s homeowners are already bearing the brunt of devastating wildfires every summer. Now, it will be harder for them to find insurance companies willing to potentially cover the damages.
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The Wegmans supermarket chain is closing one of its largest and most unusual stores because it has not attracted enough business, the company said. The Natick, Massachusetts store will close on an undetermined date this summer, the Rochester, New York-based company said in a statement on Thursday. Making these decisions is never easy.
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Amazon.com is reportedly looking into entering mobile phone service, and telecom investors are feeling the pain.
Bloomberg News reported Friday that the retailing giant has been talking with wireless carriers about offering low-cost or free mobile to Prime subscribers.
Holders of traditional telec
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Amazon.com Inc is in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., Bloomberg News reported on Friday. The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter. Bloomberg News also said Amazon has been negotiating to get the lowest possible wholesale prices that would let it offer Prime members wireless plans for $10 a month or possibly for free.
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Amazon.com Inc has been in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., a report by Bloomberg News said on Friday, citing sources familiar with the matter. Amazon.com Inc, Verizon and T-Mobile did not immediately respond to a Reuters request for comment.
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A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.
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Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might lose some, or even all, … Continue reading → The post Can You Lose a Vested Pension? appeared first on SmartAsset Blog.
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The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.
( 8
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The electric-vehicle charging company reported a first-quarter per-share loss of 15 cents from $130 million in sales. Wall Street was looking for a 19 cents loss from $128 million in sales.
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(Bloomberg) -- 3M Co. faces an existential threat from lawsuits over allegedly cancer-linked “forever chemicals” that have leached into municipal water supplies, with the company’s liability possibly hitting $143 billion for cleanup alone. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich L
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Filings from Fidelity estimate that the company is worth one third what investors paid for their stakes.
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Sales of recreational vehicles are way off their pandemic peak, but the industry won’t be in the breakdown lane for long.
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Analysts have raced to boost their price targets on the chip maker’s stock after the company’s market value gained $650 billion since October.
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Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.
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Ppportunities—and risks—abound after a tough couple of years.
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(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpApple Plans Major Retail Push With New Stores Across China, USBrazil and China recently struck a deal to settle trade in their local currencies, s
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(Bloomberg) -- Australia’s largest pension fund AustralianSuper has frozen all future contracts with PricewaterhouseCoopers as it assesses the fallout of the embattled accounting firm’s tax advice scandal. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultWall Street Banks Are Using AI to Rewire the World of FinanceHedge Funds at War for Top Traders Dangle
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The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.
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A current account savings account is aimed at combining the features of savings and checking accounts to entice customers to keep their money in banks.
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A careful look at data from nonpartisan sources suggests that any increases have been modest by historical standards.
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Reverse mortgages can provide supplemental income for retirees. Learn the biggest mistakes to avoid with a reverse mortgage.
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Social media optimization (SMO) is the use of social media networks to manage and enhance an organization’s message and online presence.
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High mortgage rates and elevated prices are keeping would-be homebuyers in New York out of the housing market.
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A transfer of physical assets (TPA) is involved when a HUD-insured loan is attached to a real estate transaction.
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Markets rose after a strong jobs report and Senate passage of the debt ceiling bill, which will avoid a government default.
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These inventions in the fields of finance, healthcare, technology, food, and energy have greatly improved our standard of living.
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Why the Oracle of Omaha's approach to investing has served him well over the years.
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A depository is a facility such as a building, office, or warehouse in which something is deposited for storage or safeguarding. Learn more about how they work.
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A dormant account is a customer bank deposit that has seen no activity other than the posting of interest for a long period of time. Here's what happens to dormant accounts.
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If you pay off your car loan early, you can typically save money on the total cost of the loan as you reduce the amount of interest you pay.
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3M shares jumped following a report of a settlement over claims of water pollution from "forever chemicals."
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These four professional organizations are among the most respected and well known among financial advisors.
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Taking steps to improve poor credit standing is called credit repair. You can do your own credit repair, but it can be labor intensive and time consuming.
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Learn who the top 10 billionaires in the world are and how they built their wealth.
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Construction Occupancy Protection Exposure (COPE) is a set of risks property insurance underwriters evaluate when writing insurance policies.
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American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.
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A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
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The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.
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Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.
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If you can avoid these mistakes when house-hunting, you'll be more likely to find a home that suits both your feelings and your finances.
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A check is a written, dated, and signed draft that contains an order directing a bank to pay a definite sum of money to a payee. Learn how checks work.
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Sovereign default is a failure by a government to repay its country's debts.
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Here's why all or part of your 401(k) plan may not be accessible after your employment ends. In time, you may (or may not) receive all the funds.
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A money-weighted rate of return is the rate of return that will set the present values of all cash flows equal to the value of the initial investment.
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Holding period return is the total return received from holding an asset or portfolio of assets over a period of time, and is generally expressed as a percentage.
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Markets soared midday on Friday following Senate passage of the debt ceiling bill and the Labor Department's jobs report showing more jobs were added to the economy than expected last month.
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Operating leverage can tell you a lot about a company and its future profitability, and the level of risk it offers to investors. Learn the pros and cons.
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MongoDB's profit and sales exceeded analysts' forecasts and CEO Dev Ittycheria said the company is well positioned to gain from the AI boom.
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Lululemon's earnings and revenue beat estimates as sales in China soared after COVID-19 restrictions were lifted.
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A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.
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A report Friday sent contradictory signals about the job market, showing the economy was both gaining and losing jobs—thanks to a quirk in the way the government gathers data.
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Rates on 30-year mortgages fell for a third day in a row. They're now more than a half percent below Friday's high, and at their lowest point in two weeks.
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Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain.
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The labor market once again blew past the expectations of economists—the consensus forecast called for only 188,000 jobs to be gained, according to Wells Fargo Securities.
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You can open an offshore bank account to bank in another country, but the process can be take longer. Here's how opening an offshore bank account works.
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It’s better to think long term than to panic and sell stock at a low during a downturn, but you need to have a strategy for different outcomes.
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The Senate passed a bill Thursday night, averting a looming debt crisis and potential economic disaster.
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Real-time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits.
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The money you have stored on a mobile payment app may be at more risk than you think if the company providing it runs into financial trouble, the government’s consumer watchdog has warned.
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Risk-weighted assets are used to determine the minimum amount of capital that must be held by a bank, by assigning risk levels to each type of asset.
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A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss.
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Het Britse olie- en gasbedrijf BP en het British Museum zetten na 27 jaar een punt achter de sponsoring. Het museum maakt zich daarmee los van de fossiele industrie, wat campagnevoerders toejuichen.
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Vanaf de zomer van 2024 rijden maandenlang geen Eurostar-treinen van Amsterdam naar Londen. Vanwege de verbouwing van Amsterdam Centraal is er geen ruimte meer voor de douane. Het kan elf maanden duren voordat de treinen weer rijden vanuit Amsterdam, schrijft staatssecretaris Vivianne Heijnen (Infrastructuur) in een Kamerbrief.
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ING is vrijdagmiddag opnieuw door een storing getroffen. Klanten van de bank kregen geen toegang tot de app en internetbankieren. Daardoor konden zij niet bij hun bankrekening en dus geen geld overboeken. De bank meldt iets voor 17.00 uur aan NU.nl dat de problemen verholpen zijn.
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Topman Sergio Ermotti van de Zwitserse bank UBS waarschuwt voor "pijnlijke" besluiten over het schrappen van banen na de overname van branchegenoot Credit Suisse.
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Werknemers krijgen straks meer ruimte om hetzelfde werk bij een concurrent te doen als hun dienstverband erop zit. Op dit moment zitten ze soms ten onrechte vast door een concurrentiebeding. Dat zit de doorstroom op de arbeidsmarkt in de weg, vindt verantwoordelijk minister Karien van Gennip.
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Terwijl landen met horten en stoten proberen hun CO2-uitstoot terug te dringen, blijft er grote onzekerheid over andere broeikasgassen. Het is onduidelijk of we de uitstoot van gassen als methaan wel genoeg kúnnen verminderen om de opwarming van de aarde te beperken tot 1,5 graden, blijkt uit nieuw onderzoek.
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Bierbrouwer Heineken heeft vorige week posters en digitale afbeeldingen weggehaald nadat er klachten waren over de leeftijd van de modellen. Die leken veel jonger dan 25 jaar, en dat mag niet in reclames voor alcoholische drankjes.
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ING is vrijdagmiddag opnieuw getroffen door een storing. Klanten van de bank krijgen geen toegang tot de app. Daardoor kunnen zij niet bij hun bankrekening en is het overboeken van geld onmogelijk.
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De onrust onder het personeel van autofabriek VDL Nedcar in het Limburgse Born houdt aan. De werknemers leggen maandag opnieuw 24 uur lang het werk neer. Later in de week volgen meer acties.
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China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.
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Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Daardoor staan ze nu op het laagste niveau sinds april 2021. Dit komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.
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China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.
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De VriendenLoterij en de Nationale Postcode Loterij hebben een dwangsom gekregen omdat ze online spellen aanbieden zonder dat ze daar de juiste vergunning voor hebben. De loterijen zijn zich van geen kwaad bewust en hebben bezwaar aangetekend.
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Facebook-moederbedrijf Meta heeft een nieuwe virtualrealitybril (VR-bril) aangekondigd. Dankzij camera's aan de buitenzijde van de Meta Quest 3, kunnen dragers voor het eerst de echte wereld door een VR-bril bekijken. Zo kun je met de bril nu virtuele meubels en bordspellen zien.
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Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Dat komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.
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Een meerderheid van de Amerikaanse senatoren heeft donderdag voor een verhoging van het schuldenplafond van de Amerikaanse overheid gestemd. Dit voorkomt dat de Verenigde Staten voor het eerst in de geschiedenis niet meer aan zijn betalingsverplichtingen kan voldoen.
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The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool. The unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. The stronger hiring demonstrates the job market's resilience after more than a year of rapid interest rate increases by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.
( 8
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Dell beat expectations despite continues macro headwinds. The company hinted that it is feeling more upbeat on the outlook for the 2023 second half.
( 22
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Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq's minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. A reverse stock split consolidates the number of existing shares into fewer shares. Nikola, which closed at about 57 cents on Thursday, said last week it received a delisting notice from the stock exchange.
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(Bloomberg) -- Broadcom Inc., one of the world’s biggest chipmakers, said that artificial intelligence spending is helping fuel sales, but not enough to offset a broader post-pandemic slowdown. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as L
( 7
min )
The Energy Select Sector SPDR ETF is down about 16% from a multiyear peak in late 2022, and the SPDR S&P Metals & Mining ETF is down about 30%.
( 23
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Some may hate a lot in the debt ceiling package, but economists say the plan's actually a good compromise that'll benefit everyone. Here's why.
( 9
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Tech stocks are racing past the broader market today. Traders are rushing to play the move higher.
The recent rally has been marked by heavy activity in bullish options tied to tech. Nvidia call options hit one of the highest levels on record in recent sessions, as did activity in the Technology Se
( 21
min )
Investors in the iPhone maker will be watching for any exciting business updates during the Apple's Worldwide Developers Conference next week.
( 22
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The AI software play's shares have been fluctuating wildly. But the CEO says the path ahead looks great.
( 22
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(Bloomberg) -- 3M Co., DuPont de Nemours Inc. and other makers of per-and polyfluoroalkyl substances, or PFAS, have agreed to pay more than $100 million to resolve a Georgia city’s lawsuit claiming the chemicals polluted its drinking water, according to a person familiar with the matter.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Pas
( 8
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Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court accused the insurer and its regional Michigan branch of unlawfully dividing up parts of the country in a scheme to reduce competition with each other in order to drive "astronomical profits." The allegations from Ford, employing more than 170,000 workers worldwide, relate to a $2.7 billion settlement that Blue Cross Blue Shield Association and its three dozen member companies reached in 2020 with corporate and individual policy holders in Alabama federal court.
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Sir Rod Stewart has abandoned a deal to seal his 60-year career in music by selling his song catalogue after negotiations with a controversial industry mogul turned sour.
( 9
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Vanguard Group, the world's largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in about 8.5 million customer account statements. FINRA, Wall Street's self-regulatory organization, said in a filing signed last month by representatives of both parties that Vanguard overstated projected yield and projected annual income for nine money market funds from November 2019 to September 2020. "From at least October 2019 to June 2021, certain VMC account statements inaccurately presented market appreciation/depreciation and investment returns," the filing said.
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The student loan pause was the first break for millennials since they graduated into the Great Recession. Now, they're bracing for payments to restart.
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(Bloomberg) -- Shares of Rivian Automotive Inc., the money-losing electric vehicle startup, may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from their record high, according to JP Morgan Securities.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBi
( 7
min )
Warren Buffett and Jim Cramer are talented in their own right. One is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. The other is the charismatic host of “Mad Money” on CNBC who has made numerous intriguing stock picks, to the extent that there are now exchange-traded funds (ETFs) designed both in favor of and against his recommendations. If you want to follow Buffett’s coattails, you can check out Berkshire Hathaway (NYSE: BRK
( 9
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J.P. Morgan analyst Christopher Horvers downgraded his rating on Target to Neutral from Overweight and cut his price target.
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In a dispute about the pressure that organized labor can exert during a strike, the Supreme Court ruled Thursday against unionized drivers who walked off the job with their trucks full of wet concrete. The lone dissenter in the case, Justice Ketanji Brown Jackson, said the ruling would hinder the development of labor law and “erode the right to strike." Justice Amy Coney Barrett, writing for the majority, said the union failed to take reasonable precautions to protect the company's concrete when the drivers went on strike.
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Generative AI has been a popular investment theme this year.
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Some customers with Apple savings accounts, which are a partnership with Goldman Sachs, say it has taken weeks to withdraw money.
( 28
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Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.
( 22
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The main piece of this week involved the debt ceiling deal reached by the White House and House Speaker Kevin McCarthy. The deal has passed the House and now awaits approval in the Senate for the US to avoid a default. The chances of it passing are good, says Raymond James CIO Larry Adam, who is “generally optimistic about the passage of the deal,” while also noting that the “reduction in uncertainty will be a net positive for the equity market. In any case, Adam notes that through the whole deb
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After a three-year pause, borrowers will have to make monthly payments again starting Aug. 30.
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(Bloomberg) -- In case there was any doubt, the lower-income US consumer is in full retreat.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans Dry UpDollar General Corp.’s shares plunged the most since August 2016 after the discount retailer s
( 8
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The money manager sent statements with incorrect information about fund yields and income, according to the Financial Industry Regulatory Authority.
( 28
min )
Big Tech valuations look reasonable when you factor in how quickly the powerhouse companies are growing earnings.
( 22
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First came Bud Light. Then Target. Now more companies are facing potential pushback from a segment of customers unhappy with their embrace of the LGBTQ community.
( 22
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A "nest egg" generally refers to retirement savings that you typically don't touch until you retire. It's the money you save for the future so that you have something to fall back on when you retire. Oftentimes, growing your nest … Continue reading → The post What Is a Nest Egg for Retirement? appeared first on SmartAsset Blog.
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Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.
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J.P. Morgan downgraded its rating on the shares to Neutral from Overweight and its target price to $85 from $95.
( 22
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The retailer's first-quarter earnings of $2.34 per share were slightly shy of the $2.38 per share analysts expected.
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(Bloomberg) -- The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage: the courtroom. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as Arnault’s LVMH SinksBillionaire Perot Warns of Real Estate Recession as Loans
( 9
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Macy's slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation. Shares tumbled more than 10% before the opening bell Thursday and dragged other retailers down as well. Macy's reported net income of $155 billion, or 56 cents per share, far short of the 45 cents Wall Street was looking for, and a significant decline from the $286 million earned during the same period last year.
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Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.
( 22
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OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude and supplies around 60% of the oil export market, meaning its policy decisions can have a major price impact. As the economic outlook worsened, several members of OPEC+ in April pledged voluntary cuts starting from May and to continue to the end of the year.
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The billionaire Virgin founder shared his top advice for budding founders.
( 8
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U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday. The deal to cap discretionary spending and suspend the debt ceiling contains no tax rate changes to raise revenue; it also slashes new funding Biden had allocated to the hollowed-out Internal Revenue Service.
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There’s really no hiding from AI anymore. Even if you don’t work with it professionally, chances are that AI has powered your search engine use, or you’ve at least tinkered with a chatbot like ChatGPT. Beyond that, AI is behind the targeted ads that we see on social media or Google; it tracks our internet and social media use, and selects ads accordingly. What this means for the future – of computing, of statistics, of data analysis, of marketing and advertising – hasn’t yet come fully into focu
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What's moving most in the stock market today.
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(Bloomberg) -- A lopsided trade relationship with India is forcing Russia to accumulate up to $1 billion each month in rupee assets that remain stranded outside the country, swelling the stockpile of capital it’s amassed abroad since the invasion of Ukraine.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as A
( 9
min )
Wall Street expects revenue to grow 7% year over year in the latest quarter.
( 22
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Despite a meteoric rise in recent months, the valuations of big tech stocks appear reasonable when you factor in how quickly they are growing earnings.
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(Bloomberg) -- Stocks in Asia were broadly higher in choppy trading as the House passed a deal to avert US default and investors weighed the prospect of a pause in rate hikes from the Federal Reserve this month.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’
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Saying ‘insider trading’ conjures up images of smoky back rooms and shady deals, but that’s only for the movies. In real life, insiders refer to corporate officers, such as CEOs, CFOs, COOs, and directors, who are responsible for running their companies profitably. They don’t take trading their own companies’ stocks lightly. While they may sell for various reasons, they only buy when they anticipate a rise in the share price. That makes the insiders’ trading moves one of the surest signs that in
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A telegraphic transfer (TT) is an electronic method of transferring funds used primarily for overseas wire transactions.
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The banking sector is an essential part of the U.S. and world economies, safeguarding assets and supplying credit to individuals and businesses.
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A fixed interest rate remains the same for a loan's entire term, making long-term budgeting easier. Some loans combine fixed and variable rates.
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Markets gained on Thursday, June 1, 2023 as bipartisan plan to raise the debt ceiling advances in Congress.
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Dollar General profit, sales miss estimates as inflation hits customer spending, sending shares lower.
( 16
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The price of one currency compared to another is not necessarily an indication of wealth, power, or strength.
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Administrative services only (ASO) is an agreement that companies use when they fund their employee benefit plan but hire a vendor to administer it.
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Hormel beats profit estimates, sending shares higher.
( 16
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April construction spending rose, though high mortgage rates are weighing down on construction of single-family homes which, ideally, should be in demand amid a lack of housing inventory.
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In FX, it's not the price environment that decides this for you. Learn the differences to see which you prefer.
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The swap rate is a special kind of interest rate that is utilized for the calculation of fixed payments in a derivative instrument called an interest rate swap.
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min )
A wirehouse is a term describing a full-service brokerage firm.
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Whether a creditor can seize your retirement savings will depend on the type of account in which you are holding your money and the type of creditor.
( 19
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When required payments on federally-held student loans resume this September, borrowers will have $5 billion a month less to spend on other things, putting stress on an economy already facing the prospect of a recession.
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As the EU officially signs MiCA regulation into law, an EU Parliamentary study suggests crypto assets should be treated as securities by default. Is it vindication for SEC chair Gensler?
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The inflation-adjusted return is a measure that accounts for the return period's inflation rate.
( 24
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The questions financial advisors ask can help them build trust and better understand their client’s needs. Here are ten key questions to ask up front.
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The World Economic Forum (WEF) holds a yearly conference in Davos, Switzerland, for leaders in business and politics to discuss global issues.
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A Supreme Court ruling has made it harder for investors to sue over direct listing stock offerings, potentially making them a more appealing option for companies going public.
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Reverse mortgages have two primary criteria—you must be at least 62 years old and you must own a significant amount of equity in your home.
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Meta Platforms Inc. unveiled its latest virtual reality (VR) headset Thursday, just days before Apple Inc. is expected to jump into the ring with its own augmented reality headset.
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U.S. equities gained at midday on Thursday, June 1, 2023 following House passage of the debt ceiling bill.
( 16
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Tear sheets are used to describe S&P's summary sheets for public companies in the days before the internet.
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Nordstrom reported a surprise quarterly profit and better-than-expected revenue.
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Borrowers could lower their monthly mortgage payments without having to refinance at decades-high interest rates under a new proposal from the Federal Housing Authority.
( 17
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While a debt consolidation loan can be a personal loan, business debt consolidation loans are also available. Additionally, there are more kinds of personal loans than just debt consolidation loans.
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Salesforce shares dropped after the cloud-based enterprise software provider reported higher-than-expected spending and warned of changes in customer buying behavior.
( 16
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Balance transfers and personal loans can help improve your finances, but they are different products. A balance transfer focuses on moving your debt from one creditor to another, usually for a lower interest rate, while a personal loan is a new debt.
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Although most negative information stays on your credit report for seven years, there are exceptions you should be aware of.
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A direct public offering (DPO) is an offering where the company offers its securities directly to the public without financial intermediaries.
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Elon Musk has once again become the world's richest person as a sputtering Chinese economy hurts Bernard Arnault's luxury goods empire.
( 16
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Rates on 30-year mortgages fell for a second day in a row, now down 36 basis points from Friday's high. All other purchase rates, except for 7/6 ARM loans, were also down.
( 20
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A bill suspending the nation’s debt ceiling until 2025 is now in the hands of the Senate, a major step toward averting a government default that threatened economic catastrophe.
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A triggering term is a word or phrase that requires the presentation of the terms of a credit agreement when used in advertising literature.
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The last time mortgage lenders did this little business, Bill Clinton was president, there was no such thing as an iPod, and a typical house cost $147,000.
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A credit review is a periodic assessment of an individual’s financial profile, often used to determine a potential borrower's credit risk.
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Nederlanders hebben ook in 2022 meer schone energie verbruikt dan het jaar ervoor. Vooral het gebruik van zonnepanelen zit in de lift. Biomassa is juist minder verstookt en ook het gasverbruik - dat niet duurzaam is - is flink gedaald. Dat blijkt uit cijfers van statistiekbureau CBS.
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Gerard Sanderink is in zeven maanden tijd bij twee van zijn bedrijven buitenspel gezet door de rechter. Hoe kan dit als de omstreden miljonair volledig eigenaar en bestuursvoorzitter van Strukton is en dat eerder van Centric was?
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Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de vierde aflevering kijken ze naar de grote impact die Philips heeft gehad op Eindhoven. De komende weken zie je iedere donderdag vanaf 17.00 uur een nieuwe aflevering op NU.nl.
( 3
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De casino's van het Aziatische gokparadijs Macau draaien weer als vanouds. De omzet steeg in mei met maar liefst 366 procent tot 1,93 miljard dollar (1,8 miljard euro). Dat is het hoogste niveau sinds het begin van de coronacrisis in januari 2020.
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De inflatie in de eurozone is nog steeds te hoog, waardoor een strikter monetair beleid noodzakelijk is. Dat heeft president Christine Lagarde van de Europese Centrale Bank (ECB) donderdag gezegd.
( 3
min )
Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. In de vierde aflevering kijken ze naar de grote impact die Philips heeft gehad op Eindhoven. De komende weken zie je iedere donderdag vanaf 17.00 uur een nieuwe aflevering op NU.nl.
( 3
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De inflatie is afgelopen maand wéér gestegen, maar experts zien geen reden tot paniek. De dalende energiekosten en goede oogsten voorspellen dat de markt weer tot rust kan komen. Maar door vertragingen in de voedselketen betaal je in de supermarkt nog wel de volle mep.
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Een meerderheid van de twaalfduizend werknemers in de Nederlandse zuivelindustrie gaat akkoord met de nieuwe cao. Dat betekent dat de lonen met bijna 12 procent omhooggaan en nieuwe stakingen definitief van de baan zijn.
( 3
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Ondernemer Gerard Sanderink is langer geschorst als topman van bouwbedrijf Strukton. Rechters hebben het beheer over zijn aandelen in dat bedrijf en holdingmaatschappij Oranjewoud overgedragen aan iemand anders.
( 2
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Zelfstandigen betalen straks gemiddeld 225 euro per maand voor een verplichte arbeidsongeschiktheidsverzekering. Dat verwacht minister Karien van Gennip (Sociale Zaken). Voor zelfstandigen met lagere inkomens valt de premie lager uit. Ook is het bedrag aftrekbaar van de belasting.
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De Eerste Kamer stemde dinsdag in met de nieuwe pensioenwet. In het nieuwe stelsel wordt 1.500 miljard euro verdeeld in twintig miljoen persoonlijke pensioenpotjes. Daardoor gaat je pensioen sneller omhoog óf omlaag. Op het nieuwe pensioenstelsel werd op ons reactieplatform NUjij flink gereageerd. Veel NUjij'ers hadden hierbij de nodige vragen. Economieredacteur Thijs Rösken geeft antwoord.
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Autofabriek VDL Nedcar gaat in november al een groot deel van het personeel ontslaan. Duizend werknemers en nog eens 800 uitzendkrachten die in Born in Limburg werken, moeten in het najaar vertrekken. Dat terwijl de fabriek nog tot maart 2024 MINI's maakt voor BMW.
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Verzekeraar Allianz ziet dat er steeds meer branden zijn op schepen. Vorig jaar waren er ruim tweehonderd incidenten, het grootste aantal in tien jaar. Acht schepen gingen hierbij verloren. De oorzaak wordt onder meer gezocht in het groeiende transport van goederen met batterijen, zoals elektrische auto's.
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De wereldwijde capaciteit van duurzame energie groeit dit jaar naar verwachting met 440 gigawatt. Het is de grootste groei ooit, meldt energieagentschap IEA donderdag. Dat de groei versnelt, komt onder meer door subsidies, hoge prijzen voor fossiele energie en het dichtdraaien van de gaskraan door Rusland.
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In bijna alle Europese landen stijgen prijzen steeds minder hard. Daarop is één uitzondering: Nederland. In ons land lopen prijzen juist weer harder op.
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Het overgrote deel van de werknemers in de distributiecentra van Albert Heijn heeft ingestemd met de nieuwe cao. Stakingen zijn daarmee definitief van de baan, laten de vakbonden FNV en CNV donderdag weten.
( 3
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KPN vraagt vanaf 1 juli gemiddeld 3,17 euro meer per maand voor zijn internetpakketten. De telecomprovider verhoogt de prijs vanwege de hoog opgelopen inflatie.
( 3
min )
Tesla-topman en Twitter-eigenaar Elon Musk is weer de rijkste persoon op aarde. Hij neemt het stokje over van Bernard Arnault, de Franse bestuurder van luxeconcern LVMH, bekend van kledingmerk Louis Vuitton en Moët & Chandon-champagne.
( 3
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De wereldwijde capaciteit van duurzame energie groeit dit jaar naar verwachting met 440 gigawatt. Het is de grootste groei ooit, meldt energieagentschap IEA donderdag. Dat de groei versnelt, komt onder meer door subsidies, hoge prijzen voor fossiele energie en het dichtdraaien van de gaskraan door Rusland.
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Amazon heeft in de Verenigde Staten een schikking van omgerekend bijna 29 miljoen euro getroffen. Toezichthouder FTC had een zaak tegen het techbedrijf aangespannen. Amazon zou met zijn Ring-videodeurbellen en slimme Alexa-luidsprekers de privacy van gebruikers schenden.
( 3
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Prijzen van goederen en diensten waren vorige maand 6,1 procent hoger dan een jaar eerder. Dat is een grotere stijging dan in april, toen de inflatie uitkwam op 5,2 procent. Dat blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Vroeger werden vooral geteeld in Zeeland en Flevoland, nu is de uienteelt ook populair in andere delen van Nederland. Steeds meer boeren verbouwen uien.
( 3
min )
Een meerderheid in het Amerikaanse Huis van Afgevaardigden heeft gestemd voor de verhoging van het schuldenplafond van de overheid. De onlangs gesloten deal is daarmee goedgekeurd door het parlement in de Verenigde Staten.
( 3
min )
Jongeren die hun eerste huis willen kopen, kunnen de hypotheekadviseur links laten liggen en bij een robotadviseur aankloppen. Een computermodel van De Hypotheekshop zegt op basis van een algoritme welke hypotheek bij welke bank ze moeten nemen.
( 5
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(Bloomberg) -- C3.ai Inc. plunged more than 15% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling concerns the artificial intelligence software company is not living up to the investor enthusiasm that has seen its stock price more than triple this year.Sales will increase 11% to 20% to a midpoint of $307.5 million in the fiscal year ending April 2024, the Redwood City, California-based company said Wednesday in a statement. Analysts
( 7
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(Bloomberg) -- Salesforce Inc. isn’t growing as fast as it used to while the software company shifts its focus to generating higher profits instead. Investors are concerned.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH SinksTh
( 8
min )
The electric vehicle boom isn’t just about passenger cars and trucks, it’s also about the millions of speedboats and other recreational boats
( 18
min )
Elon Musk expects residential and commercial property values to slide as higher interest rates, recession fears, and tighter lending take their toll.
( 7
min )
Amid turnaround efforts, the company lifts its margin goals for the year.
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The pet-product retailer reported a surprise profit.
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Fears of a recession causing havoc to the markets are not reserved solely to the average investor. Even some of Wall Street’s most lauded stock pickers are worried about the implications. Citing an unnerving disconnect between the current positioning of stocks and bonds – essentially, the bond market pricing in a recession while stocks appear to factor in a more optimistic outlook – billionaire Cliff Asness thinks things could get hairy if a recession comes into play. “If inflation stays sticky
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min )
The identity management software company posted April quarter results that topped guidance for sales and earnings.
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Dow had previously projected revenue for the ongoing quarter in the range of $11.75 billion to $12.25 billion. At a Bernstein conference, Dow flagged that demand in China continues to be "uneven", and said it witnessed lower-than-expected demand for home appliances and building materials in April. Weaker demand in other sectors affect Dow, which sells its products such as coatings and adhesives to industries ranging from automobiles and food packaging to electronics.
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The electric, autonomous air taxi start-up is now a wholly owned subsidiary of Boeing.
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The question isn't so easy to answer. A look at the auto maker's stock charts can help.
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Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.
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Stocks have climbed in 2023 after suffering through a bear market in 2022. But according to legendary investor Jim Rogers, the next downturn could be more painful. In a recent interview with Real Vision, Rogers explained why his outlook is so bleak. “[In] 2008, we had a bear market because of too much debt,” he said. “Look out the window since 2008, debt everywhere has skyrocketed.” And that does not bode well for investors. “It’s a simple statement that the next bear market will be the worst in
( 8
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Walmart is raising wages for thousands of U.S. pharmacists and optometrists, the retailer said on Wednesday, part of its broader plan to expand primary care services across the country. The Bentonville, Arkansas-based chain said about 3,700 pharmacists would get a bump in pay starting on Wednesday, bringing their total annual average pay to more than $140,000, excluding bonuses and incentives. More than 4,000 opticians will also receive fatter paychecks, with their average hourly pay rising to more than $22.50 with this investment, Walmart executives wrote in a blog post.
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Nvidia CEO Jensen Huang urged businesses and workers to take advantage of A.I. to “supercharge” their performance.
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Advance Auto Parts continues to struggle amid higher costs and inflationary pressures, opening a door for its competitors.
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The U.S. Federal Trade Commission filed a lawsuit on Wednesday against Amazon.com's doorbell camera unit Ring, according to a filing with the U.S. District Court for the District of Columbia. The FTC said Ring gave employees unrestricted access to customers' sensitive video data said "as a result of this dangerously overbroad access and lax attitude toward privacy and security, employees and third-party contractors were able to view, download, and transfer customers' sensitive video data for their own purposes."
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Target said on May 24 that it had removed some Pride Month-related offerings and changed its LGBTQ-friendly merchandise assortment after a backlash.
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A wave of corporate defaults is looming, with the U.S. expected to be hit harder than Europe, Deutsche Bank said in a Wednesday report.
Its strategists forecast that credit losses will rise steadily this year, before picking up more sharply in 2024, when they expect a recession in the U.S.
"Our cy
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Nielson data through May 20 shows that Bud Light volume declines are continuing to accelerate, slumping 27.2%, compared with a 25% fall the prior week.
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Software firm C3.ai reports earnings after the close Wednesday, one day after a 33% spike in the company's share price amid an investor frenzy for artificial-intelligence stocks.
( 22
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The first half of the year has been bright for Microsoft—and Wall Street is paying close attention.
( 22
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Exxon Mobil Corp. shareholders on Wednesday overwhelmingly supported the company's views on climate reports and strategies, rejecting proposals for report on methane, greenhouse gas reporting and oil-spill preparations by a wide margin. None of the initiative proposals received more than 36% of votes cast, according to early results at the online shareholder meeting. Results showed a lessening of support for proposals designed to strengthen oil and gas firms contributions to tackling climate change.
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SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.
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My company provides both a traditional and Roth 401(k) option. My question is whether I should contribute to a traditional 401(k), Roth 401(k) or a mix of both. I am 31 years old, single and live in San Francisco. My … Continue reading → The post Ask an Advisor: I'm 31, Make $80k Per Year and Have About $250k in Assets. Should I Switch to a Roth 401(k)? appeared first on SmartAsset Blog.
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The boom in chip maker's stock has Wall Street wondering where they will go next. Technical analysis is a good place to start figuring that out.
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Software giant Salesforce had a blockbuster January quarter. It reports earnings for the April quarter on Wednesday, after the market closes.
( 22
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NYU's Aswath Damodaran explains why Nvidia doesn’t belong in the trillion-dollar club.
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Occidental Petroleum Corp (NYSE: OXY) stock is down Wednesday as Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) ramps up its stake in the oil company. The Warren Buffett-backed conglomerate owns 24.9% of Occidental Petroleum after buying about $275 million of stock in the energy company recently, Barron's reports. The firm procured 4.66 million shares of Occidental Petroleum on Thursday, Friday, and Tuesday in the open market, bringing its total ownership to 222 million shares worth $13 bill
( 7
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Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that's under construction near Greensboro, North Carolina. The plant will supply batteries to Toyota's huge complex in Georgetown, Kentucky, which will build Toyota's first U.S.-made electric vehicle, a new SUV with three rows of seats. The plans, announced Wednesday, won't immediately create any more jobs at either the Kentucky or North Carolina factories.
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Investors are constantly looking for stocks that will yield massive returns. That being said, finding these stocks can seem like an overwhelming task. Not to mention it can be expensive. Some of the most well-known names like Amazon and Alphabet can put you out thousands of dollars for just a single share. However, snapping up stocks with strong long-term growth prospects doesn’t have to cost you your entire savings. Defined these days as stocks priced under $5 per share, the penny stocks offer
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U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
( 8
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A consumer backlash to Bud Light beer has spread to other Anheuser-Busch beers, according to a Bank of America report, further dragging down shares that have been sliding since the start of May.
Bud Light sales vo
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NEW YORK (Reuters) -JPMorgan Chase & Co's former general counsel Stephen Cutler wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters. The largest U.S. bank faces lawsuits seeking damages by women who claim that Epstein sexually abused them, and by the U.S. Virgin Islands, where the late financier had a home. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.
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The analysts from J.P. Morgan upgraded Chevron's stock to Neutral after keeping it at Sell equivalent for more than a year.
( 22
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Retirement isn't always planned. For most people, reaching retirement age means finishing a lifetime of hard work. They have saved up enough to rest and enjoy their days without a daily grind. That isn't always the case though. Occasionally someone … Continue reading → The post How to Handle a Forced Retirement appeared first on SmartAsset Blog.
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AI remained in focus Wednesday, playing a role in some of the day's notable moves.
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As beer drinkers walk by fully stacked shelves of Bud Light, more and more Americans are reaching for Modelo Especial following controversy over a transgender influencer.
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Investors have gotten too bearish on Covid-19 vaccine-makers.
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Most totalitarian regimes never prosper for more than a generation or two. The parasitic behaviors of such governments eventually drain the economy.
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Activist hedge fund Legion Partners has met with the board and management of the software company.
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The company also cut its full-year sales forecast and quarterly cash dividend. "We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations," Chief Executive Officer Tom Greco said in a statement.
( 7
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Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank’s business with convicted sex offender Jeffrey Epstein.
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Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. Most analysts expect oil to trade around the $80-level per barrel this year, with data and analytics firm Kpler noting that "macroeconomic concerns are a major driver of crude prices this year, overshadowing relatively tight fundamentals." West Texas Intermediate (WTI) U.S. crude is expected to average $79.20 a barrel in 2023, down from the previous month's $82.23 consensus.
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Oil from Texas will soon be part of the calculation known as Brent crude.
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(Bloomberg) -- Whether they favor debt-limit brinkmanship or not, most Americans are alarmed by the level of US government borrowing. Treasury Secretary Janet Yellen isn’t one of them.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatPutin Orders Tighter Defenses After Drone Strikes on MoscowJPMorgan Builds Unit for Wo
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JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.
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Hundreds of Credit Suisse's employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday. Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week.
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Nvidia founder and CEO Jensen Huang Jen-hsun said China's ability to catch up in chip technology should not be underrated, as the country pours massive resources into shoring up the sector amid mounting export restrictions by the US and its allies. The world's most valuable chip maker, which has been barred by Washington from selling its most advanced chips to customers in China, must "run very fast" to stay competitive, Huang told reporters at a round table at Computex Taipei, an annual technol
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(Bloomberg) -- China’s economic mire reverberated beyond the country’s domestic markets, with Asian stocks falling along with US and European futures Wednesday.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapJPMorgan Builds Unit for World’s Richest Families in Wealth Bet
( 9
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(Bloomberg) -- China’s economic recovery weakened in May as manufacturing activity continued to slump, prompting investors to dump stocks and call for more stimulus measures to boost growth.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World’s Richest Families in Wealth BetMcCarthy Confident on
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Here’s an options strategy for aggressive investors who want to harness Nvidia’s surge.
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Millennials may no longer be the economic victims of years past. While they're making up lost ground, three major hurdles still stand in their way.
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(Bloomberg) -- A key gauge of Chinese stocks was again poised to enter a bear market after flirting with the milestone Tuesday, as a weak economic recovery and tensions with the US continued to exert pressure. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touche
( 6
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(Bloomberg) -- Cathie Wood said software providers will be the next to ride on the artificial intelligence frenzy driven by Nvidia Corp.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Rivals to AI“We are looking to the softwa
( 7
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(Bloomberg) -- Former Treasury Secretary Lawrence Summers sees US interest rates headed higher in the short-run and US taxes rising significantly in the longer run as the world’s biggest economy comes to grips with a persistent inflation problem and burgeoning government debt.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Ra
( 7
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The shortened week kicked off with one big crisis averted for now. During the long weekend, an agreement was reached between President Biden and House Majority Leader McCarthy that should go toward resolving the debt ceiling. Oppenheimer’s Chief Investment Strategist John Stoltzfus expects a positive reaction to the progress being made to get the deal done. “In our view this portends well for the US and the markets even while it doesn’t eliminate the potential for angst near term as the agreemen
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Impaired credit refers to a deterioration in the creditworthiness of an individual, business, or other entity, reflected in a lower credit score or credit rating.
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A strategy for becoming debt-free, the debt snowball starts with paying off the smallest debt first and working up from there.
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A standby line of credit is a sum of money that a business or individual borrower can draw from as needed, either partially or in full.
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Here are four simple ways to build a solid credit history and good credit score whether you're starting from scratch or trying to start over.
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A credit report is a detailed breakdown of an individual's credit history, compiled by one of the three major credit bureaus.
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Business and consumer credit reports have similar purposes: to inform prospective lenders about an applicant's creditworthiness, but they differ in some key respects.
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Re-aging debt refers to a restart of the clock on an old debt's statute of limitations, allowing the creditor or debt collector to sue the debtor.
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Lifetime cost is how much it costs to own a particular item, including the initial purchase price, spread over the lifetime of that item.
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Klarna offers "buy now, pay later" (BNPL) services allowing shoppers to make purchases from online retailers and physical stores without paying the entire amount upfront.
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Credit references are often required by lenders and landlords. Here are three common types and how to obtain them.
( 24
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The Dow Jones Industrial Average fell about 0.4%, or 134 points, ahead of a key vote in the House of Representatives to extend the U.S. debt limit.
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Rates on 30-year mortgages took a major step down, following a two-week surge. The large one-day reversal erased two days of gains, but the average remains elevated.
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Stocks fell on Wednesday, May 31, 2023 as investors await the outcome of a vote in the House on a bill to raise the debt ceiling and avoid default.
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Hewlett Packard Enterprise misses sales and guidance estimates, sending shares lower.
( 16
min )
The Mississippi bubble is actually more of a currency blunder than a true speculative bubble.
( 24
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Intel was best-performing stock in the DOW after the company said current quarter revenue would be at the high end of its guidance.
( 16
min )
Normalcy bias is a predisposition to believe that the status quo will remain in effect, which can lead to poor investment decisions.
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Institutional Shareholder Services (ISS) advises institutional investors on corporate governance issues, helping clients develop proxy voting strategies.
( 22
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Bitcoin, bitcoin cash, bitcoin gold, and other variations can be hard to keep straight.
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If you need cash in a hurry, your credit card probably is not the best choice. For quick cash, consider options that may be better than a costly credit card advance.
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Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.
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Low inventory, rising rates cause purchases to fall.
( 17
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Twitter, now X Holdings Corp., is a private company but a Fidelity investment fund cut the valuation of its holding, implying the company is worth 33% of Musk's purchase price.
( 17
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Worried about being covered by insurance for a wildfire? Here's what you need to know about wildfire insurance.
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Many airlines offer refundable and non-refundable tickets. Here is some background on refundable and non-refundable flights, plus five U.S. airlines' refund policies.
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Cable and utility bills generally aren't included in your credit report or reflected in your credit score, unless your payments are seriously delinquent.
( 22
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Compound interest is one of the most powerful ways to save money. By opening a compound interest account in 2023, you can save money faster by accumulating interest.
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Markets were down in midday trading on Wednesday, May 31, 2023 ahead of key vote on raising U.S. debt ceiling.
( 16
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Meta hit the $1 trillion level most quickly, but couldn’t stay there, while Apple was the first to get there, and has kept growing.
( 16
min )
The job market was supposed to be cooling down—instead, it heated up in April, with the number of job openings rising, breaking a three-month downtrend.
( 16
min )
SoFi Technologies shares rose amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student loan repayments.
( 16
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Advance Auto Parts posted earnings well below estimates, and reduced its full-year profit and sales guidance.
( 16
min )
An oral contract is a type of business agreement that is spoken, not captured in writing.
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Ansys, Materialise, and Faro Technologies lead the industry in revenue growth.
( 19
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The cost to charge electric vehicle (EV) on a road trip will vary based on a number of factors. Here's how to estimate how much your trip will cost.
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Dutch Bros, Starbucks, and J.M. Smucker lead the industry in revenue growth
( 20
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The Consumer Financial Protection Bureau (CFPB) Wednesday fined OneMain Financial $20 million after the government watchdog discovered deceptive sales practices at the loan provider.
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Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
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Het merendeel van de aandeelhouders van ExxonMobil heeft voorstellen afgewezen om het Amerikaanse olieconcern te dwingen meer te doen voor het klimaat. ExxonMobil heeft als enige van de vijf grote westerse oliemultinationals geen klimaatdoelstelling voor 2030.
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Wie wil wisselen van energieleverancier kan vanaf vandaag weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.
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Slachthuizen komen onder verscherpt toezicht te staan om de "structurele dierenmishandeling" in de sector tegen te gaan. Dat heeft minister Piet Adema (Landbouw, Natuur en Voedselkwaliteit) woensdag gezegd in de Tweede Kamer.
( 3
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KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd.
( 5
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KLM houdt zich niet aan voorwaarden die zijn verbonden aan de staatssteun die het bedrijf tijdens de coronacrisis kreeg, volgens de staatsagent. Het bedrijf keert alweer winstdelingen uit, geeft nog steeds belastingvoordelen aan personeel in het buitenland en piloten hebben te weinig salaris ingeleverd. Dat zegt de controleur van de overheid.
( 5
min )
De prijzen in Duitsland, Frankrijk, Spanje en Italië zijn in mei minder hard gestegen dan in april. De inflatie is vooral door de dalende energieprijzen afgenomen. Maar de prijzen van voedingsmiddelen zijn deze maand wel hard omhooggegaan.
( 3
min )
Luchtvaartmaatschappij Air New Zealand weegt sinds deze week voor vertrek passagiers op internationale vluchten. Het bedrijf wil zo het gemiddelde gewicht van de reizigers achterhalen.
( 3
min )
De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.
( 3
min )
Minister Sigrid Kaag van Financiën werkt aan wetgeving om de toegang tot contant geld veilig te stellen. Deze wet gaat de huidige vrijblijvende afspraken met banken vervangen.
( 3
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Wie wil wisselen van energieleverancier kan vanaf morgen weleens fors duurder uit zijn. Dan gaan nieuwe regels in voor het opzeggen van vaste energiecontracten, waardoor consumenten flink de portemonnee moeten trekken. Voordeel is dat er weer verschillende vaste contracten zijn waar je uit kunt kiezen.
( 5
min )
De lonen in nieuwe cao's zijn in mei gemiddeld met 7,8 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april 5,2 procent bedroeg.
( 3
min )
Gisteravond stemde de Eerste Kamer in met de hervorming van ons pensioenstelsel. Vanaf 2028 zien de pensioenen er heel anders uit. Zo wordt 1.500 miljard euro verdeeld over individuele potjes in plaats van via een fonds. Ook gaat je pensioen sneller omhoog of omlaag. Via ons reactieplatform NUjij zijn al veel vragen over dit nieuwe stelsel gesteld. Welke vragen heb jij nog? Stel ze hier.
( 2
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Tweede Kamervoorzitter Vera Bergkamp roept Twitter op om belediging en bedreiging van Tweede Kamerleden aan te pakken. Het sturen van bedreigende en gewelddadige tweets naar Kamerleden is in veel gevallen strafbaar.
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min )
De Turkse lira is woensdag opnieuw minder waard geworden ten opzichte van de dollar en euro vanwege zorgen over de economische koers van het land. De vraag is namelijk of president Recep Tayyip Erdogan vasthoudt aan zijn onorthodoxe beleid.
( 3
min )
De iPhone-app van ChatGPT is nu ook in Nederland te gebruiken. Later komt de AI-chatbot ook beschikbaar voor Android-toestellen.
( 3
min )
Tot dusver is op ongeveer een derde van het subsidiepotje voor nieuwe elektrische auto's aanspraak gemaakt. Dat blijkt uit cijfers van de RVO, die belast is met het verlenen van subsidie op de aanschaf en lease van elektrische auto's.
( 3
min )
Relatief meer mensen met hogere inkomens hebben vorig jaar bij de schuldhulpverlening aangeklopt. Dat komt volgens branchevereniging NVVK voornamelijk door de hoge inflatie en stijgende energiekosten.
( 3
min )
De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.
( 4
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Ondanks de energiecrisis en omvallende buitenlandse banken staat ons financiële stelsel er volgens het Centraal Planbureau (CPB) goed voor. Ook blijven de gevolgen van dalende woningprijzen waarschijnlijk beperkt. Wel zijn jonge huizenbezitters kwetsbaar en is er een reële kans op een recessie.
( 4
min )
De banken en toezichthouder De Nederlandsche Bank gaan zich in hun speurtocht naar witwaspraktijken meer richten op waar de echte risico's zitten. De Nederlandse Vereniging van Banken kan niet zeggen of dit ook betekent dat de kosten voor betaalpakketten minder hard omhooggaan.
( 3
min )
De stikstofinstallatie in Zuidbroek, die op 1 april 2022 al had moeten draaien, kan vanaf 1 oktober stikstof produceren. Dat heeft een woordvoerder van Gasunie desgevraagd aan NU.nl laten weten.
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min )
Een kratje bier in de aanbieding kostte in de eerste maanden van dit jaar gemiddeld 14,22 euro in de supermarkt. Twee jaar geleden, voordat het verboden werd te stunten met de prijs van een kratje, was dat nog 10,52 euro. Dat heeft marktonderzoeker Circana uitgezocht op verzoek van NU.nl.
( 3
min )
Het nieuwe pensioen komt eraan. Na jaren gesteggel is een hervorming van het pensioenstelsel nu ook door de Eerste Kamer. Je pensioen moet beter uitlegbaar zijn en passen bij deze tijd. Ook volgt je pensioenopbouw nadrukkelijker prestaties op de beurs. Vijf vragen over het nieuwe pensioen.
( 8
min )
Berkshire Hathaway bought 4.7 million shares in recent days and now owns 222 million shares of the energy company worth $13 billion.
( 22
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Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. Now, some mainland China tech business owners say they need to go further and gain permanent residency or citizenship abroad to avoid the curbs on and the biases against Chinese companies in the United States.
( 8
min )
Economic advisors have privately warned Saudi senior policy makers that the kingdom needs higher oil prices to fund a slew of megaprojects.
( 8
min )
The S&P's comeback this year gets only two cheers. A few big stocks are overperforming, while the rest of the market reflects the reversal of a historic earnings blowout.
( 9
min )
Some people’s exploits in their chosen profession transcend beyond the industry they operate in – making them household names. It’s pretty safe to claim that even those not interested in the investing world are familiar with Warren Buffett. Buffett embodies the term ‘legendary investor’ probably more than any other and considering his decades of almost unrivalled stock picking success, it’s a thoroughly deserved epithet. For those looking to emulate a fraction of Buffett’s success, get ahead of
( 11
min )
HP Enterprise reported mixed results for the April quarter, but it sees a big opportunity ahead in the need for high-powered systems to AI models.
( 22
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There will always be a limit to how many expenses you can cut. But there’s no limit to how much you can earn.
( 9
min )
The debt-ceiling agreement struck over the weekend would reinstate government student loan repayments.
( 22
min )
Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.
( 8
min )
(Bloomberg) -- Brazil’s credit card interest rates soared to their highest point in six years, adding to central bankers’ concerns about worrisome levels of household debt. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapNvidia Touches $1 Trillion Mark After Beating Riva
( 7
min )
The market mania for AI plays continues.
( 23
min )
Ronald Reid was the last person you would expect to be a millionaire. He used safety pins to hold his old coats together and cut his own firewood well into his 90s. He drove a second-hand Toyota Yaris and resisted new purchases. His only real indulgence may have been his daily English muffin and a cup of coffee at the Brattleboro Memorial Hospital in Vermont, where a friend remembered him sitting at the exact same stool every morning. Don't Miss: Thanks to changes in federal law, anyone can inve
( 7
min )
The investor says the chip maker's stock is "priced ahead of the curve." She's playing the artificial-intelligence boom through the electric-vehicle manufacturer.
( 23
min )
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hatha
( 8
min )
Michael Burry's bullish bets on stocks, including Alibaba Group Holding Limited (NYSE: BABA), followed stake boosts by other top hedge funds, including Moore Capital Management and Third Point LLC, in the first quarter. Asia-based firms, including Simon Sadler's Segantii Capital Management Ltd. and Alpine Investment Management Ltd., accounted for nearly half of Alibaba ADRs offloaded by the quarter's top 10 most prominent hedge fund sellers, Bloomberg cites 13F filings. The sole Asia-headquarter
( 7
min )
U.S. crude dipped below $70 a barrel for the first time in two weeks ahead of an OPEC+ meeting at which major producers will debate whether to cut output to bolster oil prices.
Comments by officials in member states suggest the cartel is likely to stick with current cuts instead of deepening them,
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min )
The euro initially plunged below a major trend line in the 200-Day EMA, only to turn around and show signs of life.
( 7
min )
Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.
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min )
Is $4 million enough to retire at 65? For most people, the answer is yes. But there are a lot of considerations and a good deal of planning to retire, regardless of how much you've saved. Everyone has different needs when … Continue reading → The post How to Retire at 65 With $4 Million appeared first on SmartAsset Blog.
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A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to … Continue reading → The post Is $4 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.
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min )
KeyBanc Capital Markets analyst John Vinh raised his price target on the company ahead of its earnings this week.
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Ford stock got upgraded to Buy from hold by Jefferies analyst Philippe Houchois Tuesday. His price target went to $16 from $13 a share.
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New York City developers are starting to unload lower-quality buildings at deep discounts, cracking open a frozen real-estate market.
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Dave Burt told CNBC that the market is in for a 2008-level price correction if lenders don't start weighing the risk flooding poses to home values.
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State Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apocalyptic wildfires as well as the exorbitant costs of construction.
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Tim Coyne, T. Rowe Price's global head of ETFs, said the company is expanding its exchange-traded fund offerings to better go after millennials.
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↗️ Nvidia (NVDA), AMD (AMD), Intel (INTC) and Marvell Technology (MRVL): The chipmakers' stocks a
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The Fed's monetary squeeze "is aimed at a problem that’s over, and the effect from here will be to hammer consumer demand and economic growth," predicts Steve Hanke of Johns Hopkins.
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Meta, valued at about $670 billion as of last close, clinched the trillion-dollar market capitalization milestone in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp and Amazon.com Inc are the other U.S. companies that are part of the club. AI took center stage after Nvidia stunned investors with a revenue forecast that surpassed analysts' expectations by more than 50%. The Philadelphia SE Semiconductor index closed at its highest in over a year last week after Nvidia's stellar results powered other chipmakers higher.
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Outflows have kept up the pace this year, fueled by a deteriorating economy and the departure of men avoiding conscription.
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Stock futures were higher Monday after a deal was agreed to extend the U.S. debt ceiling for two years over the Memorial Day weekend.
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The rouble fell to a more than one-month low against the dollar on Tuesday as drones attacked Moscow and the Russian currency lost the support of a favourable tax period. Ukraine launched one of its biggest drone attacks on Moscow, according to Russia, whose defence ministry said all were destroyed approaching the city. Kyiv had no immediate comment, but has not publicly acknowledged launching attacks against targets inside Russia.
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Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Ford, Coinbase, Constellation Brands, Equitrans Midstream , and Boston Beer. Ford (NYSE:F) shares climbed nearly 3% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $13.00, as InvestingPro reported in real time.
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Ballooning debt, tepid consumption and worsening relations with the West are set to weigh on future growth, economists say.
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Executives and early investors sold shares worth $22 billion through well-timed trades, profiting before share prices collapsed.
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(Bloomberg) -- Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap Deal
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(Bloomberg) -- A key gauge of Chinese stocks was on track to enter a bear market as a weak economic recovery and tensions with the US left traders with little reason to buy. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After D
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(Bloomberg) -- It’s not every day that Cathie Wood labels a stock-market darling of the innovation economy too expensive.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden Did, Too.Traders Ready to Embrace Riskier Assets After Debt-Cap DealBut Nvidia Corp.’s outsized jump has prom
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Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world's biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. U.S. West Texas Intermediate (WTI) crude rose 53 cents to $73.20 a barrel, up 0.7% from Friday's close. There was no settlement on Monday because of a U.S. public holiday.
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(Bloomberg) -- Asian equities were poised for a cautious open Tuesday as White House and Republican congressional leaders stepped up lobbying to ensure Congress passes a debt-accord to head off a US default.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBide
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(Bloomberg) -- Semiconductor designer Arm Ltd. has found its calling card for the rest of the year as it builds toward a much-anticipated initial public offering: artificial intelligence.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forge De
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Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.
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(Bloomberg) -- Soon-to-mature Treasury bills rallied as trading resumed after the Memorial Day holiday, following a tentative deal over the debt ceiling which eased concerns of a US default. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap DealBiden, McCarthy Forg
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Quant funds, which use computer models to trade, are helping calm the markets at a time of uncertainty.
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(Bloomberg) -- The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-
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Personal loan rates eased this week, lowering the overall average by 34 basis points and dipping back below 21%
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
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Refinancing a car loan can lower your interest rate and monthly payment, adjust your repayment term, or even allow you to access some of the equity.
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Getting a car loan after bankruptcy isn't impossible, but it may take some time for your credit to improve enough to qualify for auto financing. Here's what you need to know.
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The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
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A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. Learn how it works.
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Hopes of a debt ceiling deal were rattled after some Republican lawmakers expressed opposition to the agreement, helping send the Dow Jones Industrial Average lower by 0.15%, or 50 points.
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Discover the benefits of living in Europe and whether living there rather than the United States makes financial sense.
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The Dow fell, the Nasdaq rose and the S&P 500 was virtually unchanged on Monday, May 30, 2023, as the debt ceiling deal goes to Congress for approval
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GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
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Airports had more passengers over the Memorial Day holiday weekend than before the COVID-19 pandemic.
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The Conference Board's index of consumer confidence fell in May, although not as much as economists expected.
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"High-net-worth individual" (HNWI) is a financial industry classification for a person with liquid assets above a certain figure. The minimum used is often $1 million.
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An active managed ETF is a form of exchange-traded fund that has a manager or team making decisions on the underlying portfolio allocation.
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A no-doc business loan can be a quick way for business owners to secure financing that they may not be able to access through a traditional bank loan.
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Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
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Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.
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Mortgage rates continue to soar, with the 30-year average adding another eighth of a percentage point to surpass the 20-year peak it reached in October.
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Read about some of the problems with Costco's business model. While the company has been successful, there are still several risks to consider.
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Financial literacy, communication, and confidence play a vital role in wealth transfer planning.
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From the CFP to the CPA, do you know what your advisor's designation means?
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Home prices rose in March, a second consecutive month of increase, as low inventory fueled competition. And higher prices are here to stay for now, according to S&P Dow Jones analysts.
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Financial advisors are responsible for every aspect of their customer's financial life, from estate planning to tax planning to saving for retirement, and more.
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This week’s cryptocurrencies to keep an eye on are NEO (NEO), SingularityNET (AGIX), IOTA (MIOTA), Conflux (CFX), and Arbitrum (ARB).
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Stocks have fallen out of favor as Americans’ perception of the best long term investment according to a recent Gallup poll—even as the market is recovering from 2022’s losses. Michael Batnick and Ben Carlson of the Animal Spirits podcast, and Dr. Preston Cherry, founder of Concurrent Financial Planning, join the show to examine what wealth and retirement mean today, how that’s changed, and how to invest for the long term.
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Buy now, pay later has become a popular way to make purchases online and in stores. Here’s a list of participating retailers for six major services.
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Treasury Investment Growth Receipts (TIGRs), issued from 1982 until 1986, were zero-coupon bonds based on U.S. Treasury bonds held by Merrill Lynch.
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Understanding these three common measures of profitability can help you take a deeper look at a company's profit margin.
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Ultra-high-net-worth individuals (UHNWIs) are people with at least $30 million in investable assets. Their ranks continue to grow globally.
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Fast-moving consumer goods (FMCG) are cheaper products that sell quickly such as milk, gum, fruit and vegetables, soda, beer, and common drugs like aspirin.
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Read about the five largest financial advisory services firms in the United States, including big names such as Vanguard and JPMorgan Chase.
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De voor fraude veroordeelde ondernemer Elizabeth Holmes heeft zich dinsdag bij de gevangenis in Texas gemeld. De Amerikaanse zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.
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Schiphol moet zijn personeel beter beschermen tegen de schadelijke uitstoot van vliegtuigen, zegt de Nederlandse Arbeidsinspectie. De inspectie vindt dat de luchthaven er bijvoorbeeld voor moet zorgen dat vliegtuigen geen schadelijke stoffen meer uitstoten tijdens het taxiën.
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Het op een na beste pensioenstelsel ter wereld wordt ingeruild voor een nieuw pensioen als de Eerste Kamer er vandaag mee instemt. In het nieuwe stelsel wordt 1.500 miljard euro verdeeld in twintig miljoen persoonlijke pensioenpotjes en gaat je pensioen sneller omhoog of omlaag. Gaan we er wel op vooruit?
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De van fraude beschuldigde ondernemer Elizabeth Holmes gaat dinsdag naar verwachting de gevangenis in. De Amerikaanse ondernemer zou met haar bedrijf Theranos beleggers en klanten hebben misleid en moet voor zo'n elf jaar achter de tralies.
( 3
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De prijzen voor basisboodschappen als brood, groenten en boter zijn in een half jaar met 15 procent gestegen. Uitschieter is de prijs van suiker, die met maar liefst 80 procent toenam.
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In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.
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Doordat de omvormers van veel zonnepaneelsystemen makkelijk te hacken zijn, kunnen grote stroomstoringen ontstaan. Als kwaadwillenden veel panelen tegelijk uitzetten, is er plots te weinig elektriciteit op het stroomnet.
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Voor het eerst in twee jaar dalen de prijzen die Nederlandse industriebedrijven vragen voor hun goederen. De prijzen waren in april 2,3 procent lager dan in dezelfde maand vorig jaar.
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In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.
( 5
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In verschillende sectoren staan de cao-onderhandelingen op scherp met acties en stakingen tot gevolg, maar in de supermarktbranche gloort hoop dat de partijen er snel uit komen. De eerste gesprekken zijn constructief en goed verlopen. De werkgevers zijn bereid de lonen van de ongeveer 300.000 werknemers met 9 procent te verhogen.
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(Bloomberg) -- As famed money manager Michael Burry made headlines boosting bullish bets on stocks including Alibaba Group Holding Ltd. in the first quarter of this year, other top hedge funds were also piling in. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier Assets After Debt-Cap D
( 8
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(Bloomberg) -- Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up. Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapManchin Gets Mountain Valley Pipeline Deal Into Debt BillTraders Ready to Embrace Riskier
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Savvy investors will always be looking to pick up shares of undervalued stocks. That is, after all, the essence behind the slogan ‘buy low, sell high.’ The problem, though, lies in determining which stocks are merely temporarily languishing in the doldrums and are primed to pick up steam, rather than indicating that their depressed prices are just not worth the time of day. Of course, there are many ways to assess that scenario, and one simple strategy is to examine the actions taken by insiders
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"That's the one big negative factor that I worry about more than all the other things that we have talked about. Why is private investment so weak?"
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Selling specialist chips and infrastructure is becoming a trillion-dollar industry
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The family of an Arby's employee who was found dead inside a walk-in freezer at a Louisiana restaurant is suing the owners for wrongful death and gross negligence.
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The latest stock sensation might just be hiding in your shoe closet or even on your feet right now. Colorado-based company Crocs Inc. (NASDAQ:CROX) has quietly outperformed some of the biggest players in the market over the past five years, including tech behemoths like Microsoft Corp, Meta Platforms Inc., and Amazon.com, Inc. Don’t Miss: Thanks to changes in federal law, anyone can invest in EV startups The shoe company that was once a fashion faux-pas has been making investors happy over the l
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(Bloomberg) -- Treasury futures linked to the 10- to 30-year part of the US government bond market rallied on light volume Monday, as traders looked ahead to an array of supportive factors that could come into play when trading resumes Tuesday after the Memorial Day holiday.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap
( 7
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(Bloomberg) -- The majority of investors who took on mortgages in 2022 to pay for new Toronto condos have been losing money every month, a shift that could discourage future building in what is already one of North America’s tightest rental markets.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain
( 7
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Canada Pension Plan’s manager scooped up Apple stock, and cut positions in Tesla, NIO, XPeng, and Li Auto in the first quarter.
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Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., expressed his concerns about the United States heading toward another fiscal crisis. In an interview with the Financial Times, Munger highlighted the problematic situation of commercial property loans held by U.S. banks, stating that many of them would be deemed as “bad loans” because of declining property values. He emphasized that this indicates a negative outcome for the American commercial property mark
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It isn’t certain what happens on the so-called X-date if Congress doesn’t raise the debt limit.
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Our energy roundtable experts see value in U.S. shale stocks and European majors as global energy demand outstrips supply.
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If you would like to invest in a financial asset with low operating costs, exposure to the broad market or a market sector and lower taxes, an index fund might be for you. You will find that you can use … Continue reading → The post How to Invest in Index Funds appeared first on SmartAsset Blog.
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As investing platforms, Charles Schwab and Fidelity make for a very apples-to-apples comparison. Both are long-standing brokerage houses with a history of financial management, personal advising and retail services. Both have introduced online trading platforms in the form of apps … Continue reading → The post Fidelity vs. Charles Schwab: Which Is Best? appeared first on SmartAsset Blog.
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A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.
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Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.
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In the world of investments, perhaps none are less flashy than municipal bonds. If stocks and corporate bonds are the steak and roasted potatoes of your investment plate, municipal bonds are more like steamed brussels sprouts. But this overlooked asset … Continue reading → The post Morningstar Says This Overlooked Asset Could Break Out in 2023 appeared first on SmartAsset Blog.
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Value stocks may be the one asset class you must have in your portfolio for the next decade. After a decade-plus of underperformance and decline, value investing began to rebound in September 2020. While the emergence of the Delta variant … Continue reading → The post This Is the Asset Class You Want in Your Portfolio Over the Next 10 Years appeared first on SmartAsset Blog.
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Not for nothing does the phrase “buy low, sell high” get overused. The best opportunities often arise following a pullback and the investment experts at JPMorgan are keen to point them out. They have been closely monitoring the energy market and are seeing a lot of promise in energy companies. The banking giant is showing a positive outlook on two specific energy stocks with the pair offering different value propositions. Both have been underperforming the market this, but JPM’s analysts are pro
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China and the U.S. are urging Gen Z to take on blue-collar jobs, but unless the sector has better pay and respect, Gen Z isn't all that interested.
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Bitcoin couldn’t maintain its Monday morning gains as the world’s largest cryptocurrency dropped below US$28,000 in the afternoon.
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The proposed Digital Asset Mining Energy tax has reportedly been taken off the table, according to U.S. Congressman Warren Davidson.
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Futures tied to the Dow Jones Industrial Average rose 0.2%, while S&P 500 futures rose 0.3% and Nasdaq futures were up 0.5%. U.S. and U.K. markets are closed on Monday for public holidays.
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(Bloomberg) -- Turkey’s lira weakened after Recep Tayyip Erdogan won a presidential runoff election on Sunday, extending his time as the nation’s longest-serving leader in a tenure that has increasingly alienated foreign investors.Stocks rose and dollar bonds were mixed at the open as investors awaited appointment of a new economic team that he promised would have “international credibility,” hinting at a potential turn away from an unorthodox policy mix based on ultra-low interest rates and hea
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Last week’s stellar revival in Adani Group stocks has helped India reclaim its position among the world’s five largest stock markets.
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Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. Surprised by the persistence of inflation in the face of the fastest rate hike cycle since the 1980s, Kashkari and some other Fed officials have turned up the heat again in recent days, with a hawkish outlook on interest rates. In doing so, they may also be inadvertently setting the stage for the next market crisis and Fed intervention, in turn, undercutting the bank's policy tightening to fight inflation.
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Rosy guidance from chipmaker Nvidia last week helped spark the third-largest single-day jump in market value in U.S. history.
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(Bloomberg) -- Iraq’s central bank boosted its gold reserves by about 2% in a single day last week as part of what it calls a gradual plan to stock up on the precious metal that’s seen as a traditional haven in times of economic distress.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’
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The yuan is the dollar's most high-profile contender, against the backdrop of US-China tensions and Beijing's alliance with Russia amid the war.
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(Bloomberg) -- Bitcoin climbed to the highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the US debt limit.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillThe largest digital token added
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Nvidia Corp and MediaTek Inc on Monday said they will collaborate on technology to power advanced vehicle infotainment systems that can stream video or games or interact with drivers using artificial intelligence. Under the agreement, announced at the Computex technology trade show in Taipei, MediaTek will integrate an Nvidia graphic processing unit chiplet and Nvidia software into the system-on-chips it supplies to automakers for infotainment displays.
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(Bloomberg) -- Saudi Arabia’s foreign reserves fell in April to the lowest in more than 13 years, in an apparent sign the kingdom hasn’t yet used last year’s $326 billion oil windfall to top up the central bank’s holdings. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain Valley Pipeline Deal Into Debt BillWorld’s Richest Man T
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(Bloomberg) -- India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealKey Takeaways From Biden-McCarthy Deal to Avert US DefaultWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Val
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(Bloomberg) -- Baidu Inc. shares jumped in Hong Kong following reports that it will soon launch a large-language model to power its ChatGPT-Like app Ernie Bot. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline Deal Into Debt BillThe shares rose as much as
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Nvidia said Google, Meta, and Microsoft would be among the first companies to get access to its DGX GH200 supercomputer.
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(Bloomberg) -- A gauge of Chinese shares traded in Hong Kong inched closer to bear-market territory as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan keep investors away.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valley Pipeline
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Firms that use computers to determine buy and sell signals have been loading up while other investors sit back.
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U.S. investors will likely welcome a chance to grab some sunshine on the federal holiday.
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A shortage of the kind of advanced chips that are the lifeblood of new generative AI systems has set off a race to lock down computing power and find workarounds.
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Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling. Tokyo, Sydney and Shanghai advanced while Hong Kong fell. The agreement on the U.S. debt eased what had been a potentially huge threat to markets worldwide.
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(Bloomberg) -- China’s raw materials producers are at the forefront of falling industrial profits as poor demand and price deflation tear into margins at steel mills, metals smelters, chemicals firms and coal miners.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valle
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Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.
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(Bloomberg) -- The Turkish lira is at risk of a 29% slump should President Recep Tayyip Erdogan, who clinched another five-year term, stick to his policy of keeping interest rates low.That’s according to Morgan Stanley analysts including Hande Kucuk and Alina Slyusarchuk, who wrote in a Sunday note that the lira may reach 26 per dollar sooner than earlier expected and weaken close to 28 by the end of the year, without a change in policy direction. The currency closed at 19.97 per dollar on Frida
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The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The yen's renewed decline has come on the back of rising U.S. Treasury yields, as bets grow that interest rates in the United States would stay higher for longer. Data released on Friday showed that U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.
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(Bloomberg) -- US stock futures advanced as appetite for risk taking returned to global markets following the deal between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republi
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Auction market preferred stock refers to preferred equity securities that have interest rates or dividends that are periodically reset.
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The Heritage and Stabilization Fund is a sovereign wealth fund established in 2007 by the Republic of Trinidad and Tobago.
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Blockchain can help the flow of data and money in emerging economies.
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A lottery is a low-odds game of chance or process in which winners are decided by a random drawing.
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Real estate investing has been white hot. Should you take out a home equity loan to get in on the action?
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Indexing may be a statistical measure for tracking economic data, a methodology for grouping a specific market segment, or an investment management strategy for passive investments.
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Rescission is the voiding of a contract that a court does not recognize as legally binding. Find out when you can and cannot rescind a contract.
( 23
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Consider the costs of installing and maintaining a swimming pool, and compare them with the utility and market value it adds to your home.
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Capital loss carryover is the amount of capital losses a person or business can take into future tax years.
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Learn about Elizabeth Warren's 50/20/30 budget rule; a simple and effective plan for personal money management and wealth creation.
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Understanding what a fiduciary is will help you know what to expect from the person you trust with your money.
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A second mortgage is a mortgage made while the original mortgage is still in effect. Learn the requirements for a second mortgage and how to apply.
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A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length.
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Grootouders zijn onmisbaar geworden voor gezinnen met jonge kinderen. Ze springen in het oppasgat dat de overspannen kinderopvangmarkt achterlaat. Groot voordeel voor opa en oma is dat ze een bijzondere band met hun kleinkinderen opbouwen. Het nadeel? Een weekje overslaan wordt ze niet in dank afgenomen.
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De Turkse lira heeft maandag terrein verloren ten opzichte van de Amerikaanse dollar. De koersdaling van de Turkse munt volgt op de herverkiezing van president Recep Tayyip Erdogan, die zondag de tweede ronde van de presidentsverkiezing heeft gewonnen.
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Grootouders zijn onmisbaar geworden voor gezinnen met jonge kinderen. Ze springen in het oppasgat dat de overspannen kinderopvangmarkt achterlaat. Groot voordeel voor opa en oma is dat ze een bijzondere band met hun kleinkinderen opbouwen. Het nadeel? Een weekje overslaan wordt niet in dank afgenomen.
( 7
min )
De Europese Commissie werkt momenteel aan een digitale variant van de euro en wil volgende maand met een wetsvoorstel komen. Ondertussen heeft het kabinet een aantal eisen op tafel gelegd waar de e-euro aan moet voldoen. Maar waar is een digitale euro eigenlijk voor nodig? En is het zeker dat hij er komt?
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Buurtwinkels hebben het druk met de stroom aan postpakketten. Hun magazijnen staan tot aan de nok toe vol met dozen die wachten om opgehaald te worden. Het levert winkeliers "belabberd weinig geld" op, maar slechts een enkeling stopt ermee.
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Countries like El Salvador, Iran, and Venezuela have turned to cryptocurrencies as fiats have experienced inflation and other troubles.
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Transfer pricing is an accounting and taxation-linked practice allowing companies to save on taxes.
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Amazon has been reluctant to embrace Bitcoin for various reasons, though some of those reasons are purely speculation.
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Here are three reasons to consider investing in multi-family real estate.
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Mass index is a form of technical analysis that looks at the range between high and low stock prices over a period of time.
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Accounts receivable discounted refers to the selling of unpaid outstanding invoices for a cash amount that is less than the face value of those invoices.
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Gridlock occurs in politics when the government is unable to pass laws because rival parties control different parts of the executive and legislative branches.
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The term "value chain" refers to the process in which businesses receive raw materials, add value to them to create a finished product, and then sell the finished product to consumers. A "supply chain" represents the steps it takes to get the product or service to the customer.
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Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.
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A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally.
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Floater insurance covers property that is easily movable and provides additional coverage beyond the scope of traditional policies.
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A chief risk officer (CRO) is an executive who identifies and mitigates events that could threaten a company.
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Before you blame your advisor for your losses, be sure you know your rights and responsibilities.
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Financial advisors can help you increase and protect your wealth. Learn when it’s time to fire your financial advisor and how to find a good one.
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Summa cum laude is an academic level of distinction used by educational institutions to signify a degree that was received "with highest honor."
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The initiatives are the first steps of a plan the White House hopes to form as it grapples with the impacts of artifical intelligence and considers regulation.
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Savvy investors know to ask an advisor questions on these five essential subjects.
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Learn how much financial advisors charge clients and discover the various payment plans available to customers seeking financial advisory services.
( 23
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Surging inflation means that Health Savings Account contribution limits have risen, an opportunity for people who want to take full advantage of the tax advantages.
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MercadoLibre, Aritzia, and MINISO Group lead the industry in revenue growth
( 20
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The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.
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In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.
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Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.
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Oil prices rose in early Asian trade on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer. Brent crude futures climbed 39 cents, or 0.5%, to $77.34 a barrel by 2317 GMT, while U.S. West Texas Intermediate crude was at $73.12 a barrel, up 45 cents, or 0.6%. U.S. President Joe Biden and House Speaker Kevin McCarthy on Saturday reached an agreement in principle to suspend the $31.4 trillion debt ceiling.
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Today, investors have access to huge amounts of information that can help in pointing towards the best stocks to pick up. So much information, in fact, that it can often result in overload and confusion, rather than providing a clear signal. Therefore, it might be best to stick to an uncomplicated regime and let the stock picking experts lead the way. And on Wall Street, right now Jeffries analyst Mark Lipacis is the best of the lot. According to TipRanks, a platform that tracks and measures the
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Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers face a difficult path to pass the agreement through Congress before the June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the White House and House Republicans late Saturday would avert a catastrophic U.S. default and boost overall appetite for risk while also buoying some of the sectors that have been left behind in this year’s tech-led rally, such as cyclical stocks and small caps, investors said. But some are wary that proposed spending cuts could weigh on U.S. growth.
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Musk’s latest push toward turning Twitter into an actual town square. In the future, Ford’s next generation of EVs will be equipped with Tesla’s charge port, called the North American Charging Standard, starting in 2025. This will give them access to 12,000 Tesla Superchargers in the U.S. and Canada, which is double the number Ford customers currently have access to.
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The market is closed on Monday for Memorial Day. Then, earnings reports, May jobs data, April JOLTS, consumer confidence, and manufacturing PMI.
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A tentative agreement between President Joe Biden and House Speaker Kevin McCarthy could lead to a stock market rally.
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(Bloomberg) -- The cap on government spending in Washington’s deal to raise the federal debt limit adds a fresh headwind to a US economy already burdened by the highest interest rates in decades and reduced access to credit.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken P
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State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs.
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Chicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won't 'prejudge' whether he would support an interest-rate hike at the upcoming Fed meeting in June, but noted that the full impact of the central bank's rate increases to date have yet to be felt. "We are going to get a lot of important data between now and then," Goolsbee told CBS's Face the Nation. "The actions that the Fed takes take months or even years to work their way through the system...
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(Bloomberg) -- Brazilians are struggling to pay their debts on time, with four out every ten adults facing default, as central bankers keep monetary policy tight in an effort to bring inflation back to their target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultKey Takeaways From Biden-McCarthy Deal to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelManchin Gets Mountain Valle
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Last week’s inflation figure was an absolute stinker. You could have been deceived into thinking that it was good news because the headline rate fell from 10.1pc to 8.7pc, but this drop was solely caused by last April's bumper increase in energy prices falling out of the annual comparison.
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It’s safe to say that tech has been on the up recently. The spread of artificial intelligence (AI) has lit a fire under investors, and tech stocks have rallied some $4 trillion this year. The NASDAQ index, which is tech-heavy to begin with, gained 2.5% last week, and is up almost 25% since the onset of 2023, marking a turnaround from 2022’s bear market. By comparison, the S&P 500 is only up 9%, and the Dow has slipped slightly. The biggest winner in the tech rally so far is Nvidia. The company i
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The boss of Aldi has warned Downing Street that increases in the minimum wage will drive up food prices for shoppers, as ministers race to tackle the cost of living crisis.
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(Bloomberg) -- Bond traders look set to pivot from worrying the US wouldn’t raise its debt limit to fretting about what the increase means for money markets.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownThe concern is that with a tentative deal
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Anticipating your retirement expenses is key to saving the right amount in 401(k)s, IRAs and more. Although getting exact figures might not be possible, projecting costs for healthcare, housing and lifestyle can help you create a realistic savings goal during … Continue reading → The post How to Estimate Your Expenses in Retirement appeared first on SmartAsset Blog.
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Numerous European countries are among the world's most attractive retirement destinations, and the United Kingdom (U.K.) is no exception. With its rustic villages, historic landmarks and lower cost of living, the U.K. can offer retirees the exact right amount of … Continue reading → The post How to Retire in the United Kingdom (UK) appeared first on SmartAsset Blog.
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Mutual funds allow investors to diversify their portfolios by purchasing a broad range of assets in a single fund. Investors can buy mutual funds online directly through a fund provider, an investment company or an online brokerage. Here is how … Continue reading → The post How to Invest in Mutual Funds Online appeared first on SmartAsset Blog.
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Regardless of when you start, saving for retirement is vital. Although most elderly Americans depend on Social Security to some degree, the average recipient collects only $1,691 per month – not enough money to live comfortably in most places. Your strategy for … Continue reading → The post How to Save for Retirement in Your 50s appeared first on SmartAsset Blog.
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Inflation and rising interest rates have made saving difficult, especially if you're not in the top income bracket. Relentless monthly costs and unexpected expenses can put a hole in your budget and derail your savings efforts. And saving money on … Continue reading → The post How to Save Money on Low Income appeared first on SmartAsset Blog.
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If you're ready to step into the waters of investment property financing, this guide is here to help. You need to have your money and credit in order and know what your options are for loans. After all, purchasing an … Continue reading → The post Investment Property Financing Guide appeared first on SmartAsset Blog.
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In January, the Treasury ran out of revenue to continue paying the government's bills. Ordinarily, when the Treasury needs to spend more money than it collects in taxes, it issues new bonds. However, as of last month it reached a … Continue reading → The post How Can A Trillion Dollar Coin Raise the Debt Ceiling? appeared first on SmartAsset Blog.
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The green push by the U.S. and state governments is turning trash into treasure and boosting the firms that handle America’s garbage.
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(Bloomberg) -- Global markets are primed for a relief rally after US negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has battered risk sentiment in recent weeks.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking Down
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(Bloomberg) -- A shakeup is brewing in the $1.6 trillion universe of emerging-market sovereign debt — whether Wall Street likes it or not.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economic Engine Is Breaking DownAs government defaults rise to a record in the developing wor
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A tentative deal between the White House and Republicans to raise the US debt ceiling could bring temporary relief to the global financial market but there is still the risk of collateral damage, Chinese observers warned on the weekend. US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle on Saturday on a deal that is believed to include a two-year debt limit increase and a cap on non-defence spending by the government. The agreement still needs the approval
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One measure shows large-cap stocks beating smaller companies by the widest margin in 25 years.
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Long before green energy became de rigueur, Rolls-Royce was exploring how to generate clean power.
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The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money.” These refineries offer the opportunity to process lower-grade lithium, which is more abundant, into batteries suitable for EVs. At the same time, hedge fund managers and analysts see promise in another aspect of powering EVs – silicon carbide chips. The electric vehicle (EV) revolution is gaining
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(Bloomberg) -- European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEur
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min )
An electric lorry company run by the “Elon Musk of Essex” has been forced to fight off legal action over late payments as it lays off staff and seeks to raise new funding.
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Inflation fell less than expected in April. The UK’s consumer price index was 8.7pc higher last month than in April 2022, down from 10.1pc in March.
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Bonds are meant to be boring. Investors buy them because they provide a predictable income stream. Pension funds buy them to hedge against their riskier bets. Prices and yields are usually dull and predictable - yet that is precisely the point.
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Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting an economically destabilizing default. "This will be pretty good for the market," said Amo Sahota, director at KlarityFX, adding that it may give more reason for the U.S. Federal Reserve to feel confident about raising rates again.
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min )
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In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.
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The Federal Reserve’s interest-rate increases affect Europe’s economy as much as—or even more than—they do the U.S.
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Een vooruitblik op wat de financiële markten komende week te wachten staat: beleggers zullen vooral de inflatiecijfers uit verschillende Europese landen en het Amerikaanse schuldenplafond in de gaten houden. Qua bedrijfscijfers blijft het rustig.
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min )
De Europese energietransitie is niet mogelijk zonder China. Dat stelt minister voor Buitenlandse Handel en Ontwikkelingssamenwerking Liesje Schreinemacher zondag. Europa probeert minder afhankelijk van het Aziatische land te worden. Maar moet het daarbij niet helemaal 'ontkoppelen', stelt de bewindsvrouw.
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De Britse regering werkt aan plannen om voor bepaalde basisproducten in de supermarkt een maximumprijs te stellen. Dat schrijft de Britse nieuwssite Sky News zondag op basis van regeringsbronnen. Supermarkten zouden op vrijwillige basis aan het plan kunnen meedoen.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.
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De Amerikaanse president Joe Biden heeft een voorlopig akkoord bereikt met de Republikeinen over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijken de Verenigde Staten voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagmorgen van Shanghai naar Peking.
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De Amerikaanse president Joe Biden en de Republikeinse voorzitter van het Huis van Afgevaardigden Kevin McCarthy, hebben zaterdagavond (lokale tijd) een voorlopig akkoord bereikt over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijkt de VS voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.
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Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel steeg even na 10.30 uur lokale tijd op vanaf het vliegveld in Shanghai, zo blijkt uit beelden van staatsomroep CCTV.
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De Russische economie verliest steeds meer terrein op het wereldtoneel. Moskou houdt het hoofd nog boven water vanwege de verkoop van olie en gas aan onder meer China. Maar op de lange termijn is dat niet houdbaar aangezien de oorlog in Oekraïne voorlopig niet voorbij is.
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For individuals and businesses, income means the money that they receive for their labor or products. Each type of income has its own tax regulations.
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Learn how to go about getting the best deal possible when you buy a used car. After three years, the average car is worth about 60% of its price when new.
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min )
The list of names and amounts of U.S. debt held by the five foreign countries that own the most and why.
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min )
Probability density function is a statistical expression defining the likelihood of a series of outcomes for a continuous variable, such as a stock or ETF return.
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min )
A price to earnings ratio helps investors find the market value of a stock compared to the company's earnings. Learn how the P/E and PEG assess a stock's future growth.
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Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you
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A spot rate is a price for a transaction that is happening immediately. For a transaction that is to occur in the future, the price is called the forward rate.
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Learn how the notional value of a futures contract is calculated and why you need to know how to do so.
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What's in the $1.2 trillion bipartisan infrastructure bill—and the now $2.3 trillion bill the House passed—and where we go from here.
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We developed criteria to compare personal loan providers. Learn more about our personal loan provider rating methodology.
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Trigger line refers to a moving average plotted on a MACD indicator that is used to generate buy and sell signals in a security.
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For more than a year, economists have been waiting for a recession to arrive—however, it keeps standing them up, and it might be called off completely.
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High mortgage rates and home prices are persuading more potential homebuyers to stay put for now.
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Shonda Rhimes' Show `Queen Charlotte' Most Watched on Netflix Right Now-Here's Her Net Worth
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Nvidia's role in powering the AI sector's vast ambitions means it will be a clear leader in the space for a long time, sources told Insider.
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"There's not enough retail interest to indicate a bubble is forming, and there's a lot more room for retail investors to get involved in these names."
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(Bloomberg) -- In an era of historic inflation, one alternative investment has been making its way into portfolios as a diversifier and potential hedge against stubborn price pressures: farmland.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyWorld’s Richest Man Throws In Towel on Beverly Hills HotelA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks Get More Time as US Treasury Pushes Back Deadline“
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Default would be "one more piece of the puzzle where investors around the world say this is not a reliable leader of the international finance system."
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Warren Buffett warned in 2011 that failing to raise the debt ceiling might be the most idiotic move in the history of Congress.
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The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S.
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From burner phones to inquisitive border agents, the WSJ has consulted experts on the do’s and don’ts in an era of heightened tensions.
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Tensions are rising between Saudi Arabia and Russia as Moscow keeps pumping large volumes of cheaper crude into the market, undermining Riyadh’s efforts to bolster energy prices.
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You can transfer your individual retirement account (IRA) to a savings account, but you may have to pay a penalty and income tax. Here's what you need to know. When you have a big expense to cover, you might ask … Continue reading → The post Can I Transfer My IRA into a Savings Account? appeared first on SmartAsset Blog.
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The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a … Continue reading → The post Alarming Number of Working Americans Cash Out Retirement Accounts When Changing Jobs appeared first on SmartAsset Blog.
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min )
Real estate offers myriad investment choices, from single-family homes to data centers. The ideal asset for you depends on factors such as your investment size and strategy. Over the past several decades, investors have diversified their portfolios by capitalizing on … Continue reading → The post How to Invest in Storage Units appeared first on SmartAsset Blog.
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President Joe Biden has championed a substantial financial proposal in the latter half of his term: increasing taxes on businesses engaging in stock buybacks. This initiative aims to redirect corporate funds toward business expansion and job creation, instead of primarily … Continue reading → The post Biden's Stock Buyback Tax Gets Pushback appeared first on SmartAsset Blog.
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While governments and top tech executives argue about artificial intelligence’s ability to trigger a global conflict, the humans actually working on the technology are busy fighting a war of wages.
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Costco CFO Richard Galanti on Thursday offered some observations on inflationary pressures, saying they continue to "abate somewhat" for the retailer.
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Wall Street veteran Vivek Ramaswamy has made issues from the fringes of finance central to his campaign for the Republican nomination.
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The company’s chips are leaders in processing the complex calculations driving the latest internet revolution.
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The national debt is a real issue. A debt ceiling standoff that risks a default is the worst way to address it, experts say.
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min )
Many brands have long shrugged off criticism of their stands on social issues, but Target and Bud Light just proved that even huge corporations can be made to bend.
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Hyundai Motor Group and LG Energy Solution announced that they will build a $4.3 billion electric battery plant as part of Hyundai's new electric vehicle assembly plant in Georgia.
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It was enough to send a chill through any voter. Speaking to Sky News, Jeremy Hunt was asked if he would be comfortable with interest rates reaching such a height that the economy tips into recession.
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min )
When the bond markets dramatically turned on the UK in the wake of the disastrous mini-Budget last autumn, it prompted lengthy lectures on the crazy excesses of “Trussonomics”.
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min )
(Bloomberg) -- When Otmar Issing became chief economist of the fledgling European Central Bank a quarter of a century ago, he was greeted with a letter from one of the project’s leading skeptics.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTraders Gear Up to Embrace Riskier Assets After Debt-Cap DealTexas AG Ken Paxton Impeached by Republican
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min )
The Dow snapped a losing streak as investors headed into Memorial Day anticipating Washington will reach a deal to raise the debt ceiling.
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min )
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the world’s second-largest economy.
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Nvidia stock skyrocketed this week, driving a fresh AI frenzy after reporting stellar earnings and strong guidance.
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min )
Holmes’s downfall was triggered by these Wall Street Journal articles about the blood-testing company and its founder.
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Heavy concentration of gains recalls the excesses that preceded some epic market tumbles.
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Bedrijven gaan steeds vaker in zee met oudere werknemers vanwege de krapte op de arbeidsmarkt. "Er wordt veel breder gekeken naar kandidaten. Het is echt een enorm verschil met een aantal jaar geleden", zegt arbeidsmarktdeskundige Rob Witjes van het UWV.
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Passagiers die zaterdag arriveren op luchthavens in het Verenigd Koninkrijk hebben te maken met lange wachtrijen vanwege een storing bij de elektronische paspoortcontrole.
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De Iraakse overheid heeft zaterdag een project gelanceerd dat de belangrijke goederenhaven aan de zuidkust via spoor en wegen verbindt met de grens met Turkije. Het 17 miljard dollar kostende project moet de Iraakse economie helpen transformeren na decennia van oorlogen en conflicten in het land.
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De Iraakse overheid heeft zaterdag een project gelanceerd ter waarde van 17 miljard dollar voor de verbinding van een belangrijke goederenhaven aan de zuidkust via spoor en wegen met de grens met Turkije. Het miljardenproject moet helpen bij het transformeren van de Iraakse economie na decennia van oorlog en conflict in het land.
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min )
De zomer staat weer voor de deur, dus trekken Nederlanders de komende weken massaal hun caravan of camper uit de stalling om op vakantie te kunnen gaan. Een televisie behoort vaak tot de standaarduitrusting, maar tv kijken op de camping blijft een uitdaging.
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min )
Klimaatverandering kan de komende tien jaar de wereldwijde inflatie aan gaan jagen, bijvoorbeeld omdat voedselprijzen harder stijgen. Dat stelt de Europese Centrale Bank (ECB) op basis van nieuw onderzoek. Volgens de studie kan het jaarlijks om een stijging met meer dan 1 procentpunt gaan.
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VDL dreigt met het intrekken van een bonus van 7.500 euro als de medewerkers van Nedcar doorgaan met staken. Dat blijkt uit een interne mededeling van Nedcar-directeur John van Soerland aan de medewerkers van de autofabriek in Born.
( 4
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Een meerderheid van de Duitsers staat sceptisch tegen de eventuele komst van een digitale euro, waaraan wordt gewerkt door de Europese Centrale Bank (ECB). Dat blijkt uit een peiling die de Duitse branchevereniging voor banken heeft laten uitvoeren.
( 3
min )
Frankrijk heeft een nieuwe waarschuwing gekregen van een kredietbeoordelaar over zijn huishoudboekje. Het kleinere Europese kredietbeoordelingsbureau Scope heeft de zogeheten outlook voor de Franse kredietwaardigheid verlaagd naar negatief. Het bureau is met name bezorgd over de hoge staatsschuld van het land.
( 3
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De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.
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Jamie Dimon, CEO en bestuursvoorzitter van bankconcern JPMorgan Chase, heeft onder ede verklaard dat hij nooit contact heeft gehad met zedendelinquent Jeffrey Epstein. De zaak was door de Amerikaanse Maagdeneilanden en slachtoffers van Epstein aangespannen tegen het bedrijf.
( 3
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Via NUjij vroegen wij welke vragen jullie over de woningmarkt hebben. Onze economieverslaggever Tom van Gurp geeft hier antwoord op jullie prangendste vragen.
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Het nieuwe pensioen staat voor de deur. Dinsdag stemt de Eerste Kamer voor een hervorming van het pensioenstelsel. Dat stelsel brengt wat nieuwe onzekerheden met zich mee. Hoe kun je voor de zekerheid voor wat extra pensioen zorgen?
( 6
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De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.
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The move is a blow to the state’s efforts to maintain a vibrant market for homeowners in the wildfire-prone state.
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The stock is down 35% since Barron’s first recommended it. Here’s why it’s a good time to get in.
( 23
min )
Lordstown Motors’ former CEO Steve burns lowered his stake in the maker of electric trucks. Atea Pharmaceuticals is evaluating an M&A offer.
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min )
Readers weigh in on the prospects for oil and gas, a scenario for interest-rate hikes, and ChatGPT companies
( 22
min )
The furniture and home-decor chain suspended its quarterly dividend amid declining sales and widening losses.
( 26
min )
(Bloomberg) -- Speculators ramped up their bearish stance on the yen to the highest in nearly a year as the currency extended its slide against the dollar with markets boosting bets on the Federal Reserve hiking rates.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Economi
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min )
COVID-19 was hell for tech stock and chip manufacturers. But AI has now flipped the script. Here are the companies benefiting the most so far.
( 9
min )
Meta has announced layoffs of 21,000 workers over the past year. But that's all part of Zuckerberg's push for greater efficiency.
( 8
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(Bloomberg) -- Bond investors are beginning to look beyond the debt-ceiling quagmire even as Treasury Secretary Janet Yellen’s warnings about when the US will run out of borrowing capacity become more pointed. What lies beyond is a bit troubling.Most Read from BloombergEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years
( 9
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Nvidia and other tech stocks have added billions of dollars in market value as the technology has boomed
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(Bloomberg) -- ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeCredit Suisse Loses Singapore Case Agai
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min )
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Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.
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Jennison Associates' nearly 1% stake in Nvidia has ballooned in value from $3.4 billion to $8.6 billion this year, assuming it hasn't cashed out.
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Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.
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Many workers are graduating and “going to be in a hole and they can’t invest," Anthony Noto said.
( 9
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Stocks with any combination of durable volumes, attractive relative valuations, and some margin recovery are worth watching, a Wells Fargo analyst says.
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When bond prices go down, yields go up. The 10-year Treasury note now yields 3.8%, up from a recent low of just over 3.3%.
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It’s no secret that oil companies have been gushing profits and cash flow. After all, when Big Oil reported financial results for 2022, President Joe Biden called the industry’s record profits “outrageous.” And that means these major oil producers can return a lot of cash to investors. For instance, Chevron Corp. announced a 6% increase to its quarterly dividend to $1.51 per share in January. At the current share price, the oil-producing giant offers an annual dividend yield of 3.8%. At ExxonMob
( 9
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(Bloomberg) -- Cathie Wood defended her firm’s decision to bail on Nvidia Corp. before the chipmaker’s shares surged 160%, saying the computer-chip industry’s boom-bust cycle poses risks.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Employ
( 8
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If you’re an income investor, chances are good that you love having dividend stocks in your portfolio with dividends that grow precipitously over time. But not all dividend stocks have substantial dividend growth. It takes ongoing earnings growth to enable a company to continue raising its dividend without running into difficulty paying its shareholders. Take a look at three real estate investment trusts (REITs) that have had superb dividend growth over the past five years, putting them well ahe
( 9
min )
(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel Hack Is No Longer Working Very WellThe iShares Semi
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The Tesla CEO bemoaned an "overallocation of talent towards apps on phones."
( 8
min )
The stock was on track for its lowest close since August 2020.
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The high-end Equinox gym claimed Röbynn Europe was fired for repeated tardiness. Europe alleged her firing was retaliation.
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min )
JPMorgan has filed a trademark application for an A.I. software that can pick stocks—and much more.
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min )
CEO Dave Powers doubled down on the success of the company’s Hoka brand in a call with analysts on Thursday evening.
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min )
The upper middle class is feeling the economic squeeze too.
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The US stock market is poised to end the week on a positive note, fueling optimism as the long holiday weekend approaches. This positive sentiment stems from the news that the White House and congressional Republicans are nearing the final stages of reaching an agreement to raise the government’s debt ceiling, which currently stands at $31.4 trillion. A successful debt ceiling bill would lay to rest fears that the US could default on debt obligations and avoid the risks such an event would bring
( 10
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Returns reach levels not seen in years, and the short-term U.S. securities offer liquidity with little risk, despite the battle over the debt ceiling.
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(Bloomberg) -- Morgan Stanley’s chief US equity strategist isn’t convinced the stock rally is here to stay and strengthened his warning about a potential market downshift later this year. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Emplo
( 8
min )
Nvidia’s 24% rally in Thursday’s session turned heads on Wall Street and raised questions about whether the AI-driven market frenzy is becoming a bubble. But it wasn’t necessarily ret
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David Einhorn’s hedge fund, Greenlight Capital, enjoyed some big gains in 2022, being one of the few to benefit from last year’s bear market. The conditions suited the value investor’s style, and the fund had its best year in a decade. However, it has been a different story so far this year, as Greenlight has been underperforming the broad markets. Einhorn, however, is not about to bang his head against the wall and try to fit a square into a circle. In a recent letter to shareholders, he stated
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Ulta's average sales per customer fell for the first time in more than five years, the company reported Thursday.
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Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.
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New York City is taking its business away from banks that lack anti-discrimination plans.
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Retirement offers you the time to do the kind of stuff you always wanted to do but couldn't because work filled up your schedule. Of course, retirement also typically means living on a fixed income, which may limit your ability … Continue reading → The post 6 Fun Things to Do in Retirement on a Budget appeared first on SmartAsset Blog.
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If you have multiple millions set aside for retirement, you may still feel a little nervous at the possibility of giving up a steady paycheck at age 50. After all, many resources that people use for retirement such as traditional retirement … Continue reading → The post Is $10 Million Enough for You to Retire at 50? appeared first on SmartAsset Blog.
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Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a … Continue reading → The post What Percentage of Your Income Should Safely Go to a Mortgage? appeared first on SmartAsset Blog.
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Retiring at 40 may sound like a pipe dream. But it's entirely within reach if you save $1 million while working. The key elements for achieving this feat are sticking to a budget and implementing a comprehensive retirement strategy. But … Continue reading → The post Can I Retire at 40 With $1 Million? appeared first on SmartAsset Blog.
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For some people, retirement can feel a bit like the dog that caught the car. You've prepared for this moment your entire adult life, and you're certainly very happy to have gotten here but … well, now what? You've spent … Continue reading → The post Five Tips to Enjoy Life After Retirement appeared first on SmartAsset Blog.
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U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest rates higher for some time. Consumer spending jumped 0.8% last month, the Commerce Department said on Friday. Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.4%.
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A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April, much higher than the 0.1% increase the previous month. The government reported Friday that the year-over-year figure was down sharply from a peak of 7% last June yet remains far above the Fed's 2% inflation target, and it surpassed the 4.2% figure in March.
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Increasing demand for generative AI is driving Marvell's network products, this analysts says.
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The company made its first crewed test flight since Sir Richard Branson went to orbit in July 2021.
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(Bloomberg) -- Comcast Corp. Chief Executive Officer Brian Roberts has a penchant for lining up a huge deal around every five years or so. It was 2018 the last time he made a big acquisition, and Wall Street is ready for his next dramatic move.Most Read from BloombergWorld’s Richest Man Throws In Towel on Beverly Hills HotelEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks G
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Cathie Wood's Ark Innovation ETF sold its Nvidia shares before the majority of the chip maker's stock rally but is backing automation software maker UiPath.
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Applied Materials Inc. (AMAT) shares gained 15% in the month of May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.
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min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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US debt ceiling talks appear to have overcome an impasse and are now close to finding a resolution.
( 8
min )
(Bloomberg) -- Marvell Technology Inc. surged more than 21% in late trading after the chipmaker said it expects revenue from artificial intelligence to soar this year, capitalizing on a spending boom that also sent Nvidia Corp. on a record-setting rally this week. Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republ
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U.S. stock futures fell early Friday as investors held tight for updates on the debt ceiling negotiations and awaited the Federal Reserve’s preferred inflation metric.
While tech outperformance, following Nvidia’s earnings, largely drove Thursday’s gains on Wall Street, there were also positive sig
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(Bloomberg) -- Asian investors remain on edge before the weekend amid concern US debt-ceiling negotiations may still break down or could result in draconian spending cuts that crimp global economic growth.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bu
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min )
ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore's International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, in the latest blow to the troubled bank, which is being taken over by UBS. Credit Suisse immediately said it would appeal the decision.
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Across government and the city, policymakers and politicians are singing from the same hymn sheet: the City of London needs to start taking more risks.
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(Bloomberg) -- Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Ban
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min )
The US markets are showing some conflicting signs, making forecasting difficult. The main headwind, inflation, is down – but the labor market is strong, with unemployment falling and wages rising. The Federal Reserve raised interest rates at the fastest rate since the 1980s, bringing them from near-zero to more than 5% in the last 12 months, risking recession to try and keep a cap on prices. But will the Fed’s efforts come to naught? Interest rate increases tend to affect the markets with a lag
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We reviewed and compared the buy now, pay later (BNPL) apps from Klarna and Afterpay. This review will help you decide which is the best BNPL app for your needs.
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Coming up next week: May nonfarm payrolls, U.S. home prices, and eurozone inflation figures.
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min )
Intel rebounds to lead the Dow upward, while American Express gains on ratings upgrade
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min )
Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news
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min )
Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.
( 16
min )
Gap reported an unexpected quarterly profit as restructuring efforts and lower costs boosted margins.
( 16
min )
Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.
( 16
min )
An embargo is a government order that restricts commerce or exchange with a specified country, usually as a result of political or economic problems.
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U.S. adults are taking longer than people their age in 1980 to reach milestones such as being financially independent, getting married or having a child, a new Pew Research Center study found.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
( 18
min )
In a matter of seconds, generative artificial intelligence can produce new content, such as text, images, video, and code, in response to a user-given prompt.
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Mortgage rates continue to surge, extending a pattern of almost daily increases for more than a week. The 30-year rate average is now nearing a 20-year high-water mark.
( 19
min )
The Associate in Information Technology (AIT) designation is geared toward educating insurance professionals about the IT environment.
( 20
min )
Learn how Sony Corporation became a leader in the entertainment world, along with the four biggest companies it owns.
( 22
min )
Rival automakers Ford and Tesla announced a partnership to share 12,000 EV charging points, following a Biden Administration plan for American-made EV solutions.
( 17
min )
Hawkish describes an inflation hawk, or a policy maker or advisor who prioritizes controlling inflation and may favor higher interest rates to keep it in check.
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The Federal Reserve’s preferred measure of consumer prices surged in April, dealing a setback in the fight against inflation.
( 17
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
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min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 17
min )
Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
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Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 17
min )
Whether the debt ceiling crisis pushes borrowing costs down or makes them spike depends on how the standoff unfolds, and how markets react.
( 17
min )
A buydown is a mortgage financing technique where the buyer tries to get a lower interest rate for at least the mortgage’s first few years but possibly for its lifetime.
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Find out how duration and convexity measures can help fixed-income bond investors manage risks such as interest rate sensitivity within their portfolios.
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min )
De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.
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De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.
( 3
min )
De Autoriteit Persoonsgegevens (AP) heeft van de Duitse privacytoezichthouder een tip gekregen over een mogelijk datalek bij autofabrikant Tesla. Volgens de Duitse zakenkrant Handelsblatt ligt ongeveer 100 gigabyte aan persoonsgegevens op straat.
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min )
Niet Air France KLM, maar de Duitse luchtvaartmaatschappij gaat er met de Italiaanse airline ITA vandoor. Lufthansa kocht donderdag al een deel van de luchtvaartmaatschappij op en komt volgens topman Carsten Spohr later terug voor de rest.
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La Place, dat ooit begon in de winkels van het ter ziele gegane V&D, vindt bij HEMA opnieuw onderdak in een warenhuis. Zowel HEMA als La Place is nu in handen van de familie Van Eerd, de eigenaren van supermarktketen Jumbo. Eerder al kwamen producten van HEMA in de schappen van Jumbo te liggen, La Place is een nieuwe stap in die kruisbestuiving.
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Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."
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Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."
( 3
min )
Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."
( 4
min )
Cuba is steeds afhankelijker van de voedselproductie op het eiland, zei de Cubaanse minister Alejandro Gil van Economische Zaken tegen het nieuwe parlement. Door de belabberde economische situatie wordt het steeds lastiger om voedsel, brandstof en medicijnen te importeren. Maar ook de eigen landbouwproductie hapert.
( 4
min )
Neuralink heeft van de Amerikaanse medische toezichthouder FDA toestemming gekregen om een gedachtenlezer op mensen te testen. Het bedrijf van Elon Musk heeft een hersenimplantaat ontwikkeld waarmee het brein rechtstreeks kan communiceren met een computer.
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min )
Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.
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min )
Sinds de strengere regels voor 0906-nummers zijn er al 163 telefoonnummers onbruikbaar gemaakt. De komende weken trekt de toezichthouder er nog zo'n 250 in. Het gaat onder meer om telefoonnummers waarvan het voor de beller niet onmiddellijk duidelijk is dat het om een betaald nummer gaat.
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min )
Drie jaar na de introductie van 5G in Nederland kunnen we nog steeds niet optimaal gebruikmaken van het snellere mobiele internet. Wat we nu hebben is een 4G-verbinding in een 5G-jasje. Het duurt nog minimaal een jaar voordat we het échte 5G kunnen gebruiken.
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Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.
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min )
Mortgage rates quoted in headlines can differ, which can cause confusion. Freddie Mac is the most recognized source for mortgage rates but Investopedia's mortgage rate data is published daily and represents a more timely and realistic snapshot of national and state-level rates.
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min )
Accounting is the process of recording, summarizing, and reporting financial transactions to oversight agencies, regulators, and the IRS.
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min )
Cum laude is a Latin term that translates to “with honor.” Magna cum laude means “with great honor,” and summa cum laude means “with the greatest honor."
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A decentralized autonomous organization (DAO) is a system developed to distribute decision-making, management, and entity ownership.
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A performance appraisal is a regular review of an employee’s job performance and overall contribution to a company.
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min )
The Industrial Revolution was a period of radical modernization and mechanization that began in Great Britain and spread to the United States.
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min )
Investopedia’s second-ever special edition print magazine, What To Do With $10,000, is on sale now. The new issue explores where to invest your cash and build wealth based on your individual financial goals.
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min )
Average IRA, 401(k) and 403(b) balances rose in the first quarter of 2023, according to a Fidelity study of 44.5 million accounts, with Gen Z making the biggest gains.
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min )
The value-oriented Dow Jones Industrial Average fell by 0.1%, or about 35 points, as investors brushed off debt-ceiling gridlock and piled into tech stocks.
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min )
Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return.
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Find out more about loan delinquency, loan default, and the differences between a loan borrower defaulting and being delinquent on a loan.
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min )
U.S. equities were mixed on Thursday, May 25, 2023 as Nvidia's results and outlook helped send the Nasdaq and S&P 500 higher, while the Dow fell on growing concerns about a possible government default.
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min )
Dollar Tree shares declined as the discount retailer missed profit estimates and cut its profit forecast because of theft and inflation.
( 16
min )
Just 43% of non-retired Americans surveyed by Gallup said they expect they can afford a comfortable retirement.
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min )
Pending home sales were unchanged in April from the previous month as high prices, rising mortgage rates and limited inventory keep the homebuying market in a slump.
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min )
A wise investor is one who recognizes gold’s place in the market, without attaching too much or too little significance to it.
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The U.S. debt seems to grow every year. But how does national debt actually affect you?
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A co-applicant is a second named person on a loan or other type of application.
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Market failure is a situation in which there is an inefficient allocation of goods and services in the free market.
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Brand personality is a set of human characteristics attributed to a brand name that the consumer can relate to.
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An all-cash, all-stock offer is a proposal by one company to purchase all of another company's outstanding shares from its shareholders for cash.
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min )
On Thursday morning, it was made public that a consortium of buyers, including Arrington Capital, won the bidding war over insolvent crypto lender Celsius' assets.
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min )
The average mortgage rate on 30-year loans fell after eight straight days of growth, dropping 9 basis points, while 15-year average was also down, though it didn't fall as far.
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min )
Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.
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min )
Discover the key elements of making a winning stock pick and a good long-term investment using fundamental and economic data analysis.
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You don’t have to take required minimum distributions from your Roth IRA during your lifetime, but your heirs eventually may have to.
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A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (debt) to meet the cost of acquisition.
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Nvidia shares surged more than 20% Thursday to all-time highs, pushing the chipmaker’s market capitalization to a new record just shy of $1 trillion.
( 15
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A bear market poses difficult choices for investors, who must consider their risk tolerance, time horizon, and objectives.
( 24
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Economic order quantity (EOQ) is the order quantity a company should make for its inventory given production cost, demand rate, and other variables.
( 25
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If your local government seizes your property and sells it at an auction over unpaid taxes, they’re no longer allowed to keep the profits, the Supreme Court ruled Thursday.
( 16
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Accenture Federal Services has won a spot on a seven-year purchase agreement worth up to $2.6 billion in contracts to modernize IRS systems.
( 16
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The volume price trend (VPT) indicator helps determine a security’s price direction and strength of price change.
( 18
min )
Sears offers several types of store cards, each with its own rewards and benefits programs.
( 27
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A unilateral transfer is a one-way transfer of money, goods, or services from one party to another such as government payments made to citizens.
( 19
min )
A structured note is a debt security issued by financial institutions. Discover why structured notes might not be the best option for an investor.
( 24
min )
Here's what you need to know to choose between a health savings account (HSA) and a flexible savings account (FSA) to help with medical expenses.
( 24
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Find out how your profits are taxed and what to consider when making investment decisions.
( 21
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Fitch doesn’t believe the U.S. will ultimately default, but debt negotiation delays show an ongoing risk to the nation’s creditworthiness.
( 17
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Can the government foreclose on your house for unpaid taxes, sell it off, and keep all the profits? That’s now up to the Supreme Court.
( 18
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Sally Beauty is the best value cosmetics stock, while e.l.f. Beauty leads the pack for fastest growth and most momentum.
( 20
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Clean energy will account for 60% of all global energy investment in 2023, the IEA predicts, with spending on solar energy surpassing oil for the first time.
( 17
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The national debt is the total that a country owes creditors, which in the case of the United States includes debt held by the public and intragovernmental debt.
( 30
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Amazon is the world's largest cloud-computing company. But investors ignored the stock on a day when many other plays were up sharply.
( 23
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David Trainer, founder of investment research firm New Constructs, ran a model showing Nvidia stock is unlikely to reward future investors at this level.
( 9
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The chip maker's CEO says that "AI has emerged as a key growth driver for Marvell."
( 22
min )
The cash infusion in Shari Redstone’s National Amusements comes weeks after Paramount cut its dividend, a key source of income for Redstone and her family.
( 27
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The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm's allegations. In the report, published on May 2, Hindenburg claimed that Icahn Enterprises has been using inflated asset valuations. Based in Sunny Isles Beach, Florida, Icahn Enterprises has stakes in businesses ranging from food packaging and automotive to real estate and pharmaceuticals.
( 8
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On the company's earnings call, CEO Jensen Huang may have pointed to two good AI plays.
( 30
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The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold will be affected, and what happens if the debt is not repaid or an interest payment is skipped. No. Treasuries do not have any cross default provisions so a skipped payment on one issue will not necessarily impact others.
( 7
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Alibaba Group Holding Limited (NYSE: BABA) shared plans to hire 15,000 people in 2023, sharply contradicting reports of its layoff plans. The Chinese e-commerce platform voiced a requirement of 15,000 recruits for its six major business divisions. The company said it would recruit 3,000 university graduates. Also Read: Navigating Alibaba's Bumpy Road: Analyst Holds Positive, Adjusts Price Target Downward Alibaba snubbed reports of layoffs as "rumors" and said employee departures are part of the
( 7
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(Bloomberg) -- Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that sent the stock and its big tech peers on a tear.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFirs
( 8
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Treasury's Bureau of Fiscal Management said it would auction $119 billion of 3-month and 6-month bills on Tuesday, with the sales formally settling two days later on June 1. According to research firm Wrightson ICAP, the bureau would not typically announce an upcoming sale "until it is certain that it has room under the debt ceiling for the new securities."
( 7
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Meet Dr. Herbert Wertheim, the billionaire optometrist who Forbes hailed as “the greatest investor you’ve never heard of.” He quietly built a stock portfolio estimated at $4.6 billion. Affectionately known as Dr. Herbie, Wertheim has built his portfolio through traditional, time-tested investment strategies. By primarily investing through ordinary Fidelity Investments and Charles Schwab accounts, he has been able to steadily grow his wealth. Don't Miss: Why Jason Calacanis and Other Silicon Vall
( 8
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President Joe Biden and House Speaker Kevin McCarthy are coming close to a deal on the debt ceiling, according to a report from Reuters that cited a person familiar with the matter.
The Dow Jones
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Even financial gurus like Warren Buffett, CEO of Berkshire Hathaway Inc., are not immune to making mistakes or bad investments. Buffett has acknowledged a costly “mistake” that impacted the conglomerate’s financials. Despite earning $42.5 billion in 2020, Buffett revealed in his annual letter to shareholders that the company had incurred a substantial loss of $11 billion because of an ill-fated acquisition. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Start
( 8
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The affected clients are being offered the option to transform their revolving credit lines into fixed-term loans at the same rate for a period of up to five years, the report said, adding First Republic is also asking customers if they would prefer to pay off their credit lines. First Republic's business model was to lure high net-worth customers with preferential rates on mortgages and loans.
( 7
min )
Thursday’s gain brings it closer to 13,000, the index’s recent peak in August and a level it hasn’t retuned to since.
( 23
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Pratt & Whitney has no engines currently available for India's Go First airline, which also has no rights over them, the counsel for the U.S. firm told a Delaware court on Thursday as the two companies engaged in a raging dispute over the supplies. The Indian airline has approached the Delaware court to enforce an arbitration order it won in Singapore against Pratt & Whitney, which it blames for its financial troubles and argues the U.S. firm failed to supply engines on time. Pratt says those claims are without merit.
( 6
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Icahn Enterprises LP's stock tumbled as much as 24.7% to $18.03, deepening losses of more than 60% that were recorded following short-seller Hindenburg Research's scathing attack on the company three weeks ago. In a memorable clash a decade ago, the billionaire had shorted supplement company Herbalife, in which activist investor Icahn was a shareholder.
( 7
min )
The EV upstart is on the right path, says one analyst.
( 22
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Once upon a time, retirement in America was referred to as "a three-legged stool." The first leg was your expected Social Security benefits, the second leg was your own personal savings and the third was something old-timers called a pension. … Continue reading → The post Thousands of Old Pensions Are Going Unclaimed. How to Find Out If One of Them Is Yours appeared first on SmartAsset Blog.
( 8
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(Bloomberg) -- Traders betting against Nvidia Corp. suffered massive losses as the chipmaker’s stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before BustUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseJPMorgan Tells 1,
( 7
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Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.
( 18
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The chip maker's incredible quarter—and share price gain—holds both promise and peril for another stock market darling.
( 26
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A long-running feud between activist hedge fund managers Carl Icahn and Bill Ackman is revived as the latter tweets about the embattled shares of the former's investment vehicle.
( 26
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Shares of Nvidia, already one of the world's most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. Late Wednesday the maker of graphics chips for gaming and artificial intelligence reported a quarterly profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street expectations. "It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels,” Susquehanna Financial Group’s Christopher Rolland and Matt Myers wrote Thursday.
( 8
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(Bloomberg) -- Oil fell as the dollar strengthened and Russia played down the likelihood of OPEC+ cutting production further.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewWest Texas Intermedi
( 7
min )
He also claimed that work-life balance is a myth.
( 8
min )
The chip maker's blowout guidance sent shares of other AI-exposed companies, such as Microsoft and Alphabet, higher.
( 23
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According to undisclosed sources, activist investor Carl Icahn is poised to secure enough shareholder support to place Andrew Teno, an Icahn nominee, to join the board of Illumina Inc (NASDAQ: ILMN). However, it should be noted that the tally has not yet been finalized, and shareholders still have the opportunity to modify their votes before the commencement of the company's annual shareholder meeting on Thursday, Reuters reported. Also Read: Carl Icahn Admits Making A Mistake On Bearish Bet, Sa
( 7
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(Bloomberg) -- Speaker Kevin McCarthy said issues remain in negotiations with the Biden administration on raising the federal debt limit as the clock ticks down to the point when the Treasury runs out of cash.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill
( 6
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The phrase ‘a recession is coming’ has attained a mantra-like quality in recent times, reflecting the prevailing belief that a downturn in the economy is imminent. However, taking a stance in opposition to the doom sayers, billionaire Steve Cohen is keeping an optimistic outlook. “I’m making a prognostication — we’re going up,” Cohen said recently. “I’m actually pretty bullish.” That might be a bold statement to make right now, but it’s not as if Cohen has had no success in taking the fearless r
( 10
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Personal loans secured against the value of Icahn's ownership in his own investment firm could prove highly unstable, the Pershing Square founder warns.
( 9
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Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the IRS says it is, you … Continue reading → The post IRS Hobby vs. Business: What It Means for Taxes appeared first on SmartAsset Blog.
( 9
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(Bloomberg) -- First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘So
( 9
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Thursday, Barclays analyst Jiong Shao downgraded XPeng to Sell from Hold. His price target went to $6 a share from $8.
( 22
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(Bloomberg) -- Stock market strategists and portfolio managers who expected equities to go nowhere in 2023 are changing their tune as their fears transform into the fear of missing out on a potential rally. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths
( 8
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The discount retailer posts first-quarter adjusted earnings of $1.47 a share, below analysts' expectations of $1.53.
( 26
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(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewSinc
( 14
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(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths Soar on Everest After Record Number of Climbers Attempt SummitSinc
( 14
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The transaction comes after Stratasys rejected multiple takeover offers from Nano Dimension Ltd, its largest shareholder with a 14.2% stake. Nano on Thursday launched a hostile $18.00 per share all-cash offer to boost its stake in Stratasys to between 53% and 55%. Desktop Metal stockholders will receive 0.123 ordinary shares of Stratasys for each share of Desktop Metal Class A common stock.
( 7
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Daiwa analyst Jairam Nathan upgrades shares of Ford to Hold from Sell. What the auto maker didn't say at its analyst event is the reason.
( 22
min )
Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as the medical device maker expects stronger dollar to continue dragging its sales down in international markets. Medtronic has warned of a delayed improvement in earnings this year as its costs continue to remain high despite restructuring efforts. It expects profit to be in the range of $5 per share to $5.10 per share for the fiscal year 2024, lower than analysts' estimates of $5.20 per share, according to Refinitiv IBES data.
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Medtronic Plc beat Wall Street estimates for quarterly profit on Thursday, helped by a recovery in non-urgent surgical procedures that were delayed during the pandemic as well as strong demand for its heart and diabetes devices. Excluding items, the Dublin-based medical device maker reported a profit of $1.57 per share for the fourth quarter, slightly above analysts' average estimate of $1.56 per share, according to Refinitiv IBES data.
( 6
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The White House and congressional Republicans on Thursday are expected to resume negotiations on a deal to raise the government's $31.4 trillion debt ceiling, with as little as a week remaining until a potential economically catastrophic default. Democratic President Joe Biden and House of Representatives Speaker Kevin McCarthy are at odds over spending, taxes and work requirements for anti-poverty programs. "We'll continue to work through this, try to get a solution," McCarthy, the top Republican in Congress, told reporters after his negotiators returned from a four-hour White House meeting on Wednesday.
( 7
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Nvidia issues a bullish sales forecast for its fiscal second quarter and the stock soars, Snowflake slashes its revenue outlook, and Splunk's adjusted earnings easily top estimates.
( 23
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The Shark Tank star said she got her spending philosophy from her mother—and it's served the real estate titan well.
( 8
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Royal Bank of Canada reported a drop in second-quarter profit on Thursday, as tough economic conditions spurred the lender into building higher provisions to prepare for more borrowers falling behind on their loan repayments. Net income fell 14% to C$3.65 billion ($2.70 billion) or C$2.58 per share for the three months ended April 30, compared with C$4.25 billion, or C$2.96 per share, a year earlier.
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(Bloomberg) -- Snowflake Inc. gave a sales outlook for the current quarter that fell short of expectations, suggesting that many companies are trimming their spending for cloud software amid uncertain economic conditions. The shares declined more than 12% in extended trading.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Bigges
( 7
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
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Nvidia shares jumped after it forecast a revenue tailwind from the artificial-intelligence race, but if you don’t want to shell out for the expensive stock, there are other options.
( 27
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(Bloomberg) -- Chinese stocks in Hong Kong plunged as investors trimmed positions ahead of a long weekend, with disappointing earnings from electric-vehicle maker XPeng Inc. spurring a selloff in automobile shares.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof
( 8
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Chipmaker Nvidia’s upbeat earnings gave its stock a boost unprecedented in the company’s history and in the history of the US stock market.
( 8
min )
Nvidia shares jumped almost 25% in extended trading after the chipmaker gave a revenue forecast 50% higher than analyst estimates.
( 9
min )
Netflix's new "paid sharing" policy could boost revenue and improve profits. But it's a big headache for parents with adult children.
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(Bloomberg) -- China’s muted economic rebound, and Beijing’s reluctance to deploy large-scale stimulus, are reverberating around the globe, crushing commodity prices and weakening equity markets.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and
( 8
min )
Activist investor Carl Icahn is seeking to unseat Illumina’s chairman and its CEO, and put three of his own people on the company’s board.
( 22
min )
(Bloomberg) -- Nvidia Corp. may be poised for a record one-day jump in value for a US company after it raised its outlook on voracious demand for chips used in artificial intelligence applications.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out a
( 7
min )
In addition to waiters, baristas, and drivers, Americans are wondering why they're being asked to tip at fast food restaurants and self-checkout.
( 8
min )
Elon Musk blames overloaded servers for Twitter Spaces crashing while Florida governor Ron DeSantis announces his presidential run on the platform's live audio feature.
( 7
min )
(Bloomberg) -- Nvidia Corp. results showing that customers are binging on chips used in artificial intelligence computing sent a complex of stocks tied to the burgeoning technology soaring. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends
( 7
min )
With companies like Google and Microsoft racing to integrate artificial intelligence into their services, there’s already one clear winner: Nvidia, which makes the chips powering the AI boom.
( 7
min )
In physics, gravitation dictates that what goes up must come down. The stock market, however, is a bit less predictable. Stocks can follow the crowd, buck the market’s trend, or just mosey along. This year, energy stocks are bringing up the bottom of the pack, underperforming the broader markets. However, it’s worth noting that what goes down can still come back up. In this regard, the investment giant Goldman Sachs has been identifying energy stocks that are primed to recoup their losses — and
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min )
De Europese Centrale Bank (ECB) zal de rentetarieven in de eurozone ook in juni en juli nog moeten verhogen om de hoge inflatie onder controle te krijgen. De inflatie blijkt namelijk hardnekkiger dan verwacht, benadrukt president Klaas Knot van De Nederlandsche Bank (DNB) in een interview met vier grote Europese kranten.
( 4
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Medewerkers van de Nedcar-autofabriek in het Limburgse Born gaan volgende week weer staken. Ze hebben een bod voor een sociaal plan van eigenaar VDL afgewezen.
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min )
De marktprijs voor gas blijft maar dalen en is donderdag gezakt naar 25 euro per megawattuur. Dat is vier keer zo laag als begin dit jaar en zelfs twaalf keer lager dan in augustus 2022. Uiteindelijk zien we dat ook terug op de energierekening.
( 4
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De gasprijs blijft de laatste maanden maar dalen. Die daling heeft meerdere oorzaken. Nieuw is dat EU-landen, samen met een aantal andere Europese landen, gezamenlijk gas kunnen inkopen. Dat werkt zo.
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EU-lidstaten zouden hun steunmaatregelen die zijn bedoeld als compensatie voor de hoge energieprijzen moeten afbouwen. Zo kunnen de nationale overheden de hoge inflatie tegengaan, zegt beleidsmaker François Villeroy de Galhau van de Europese Centrale Bank (ECB).
( 3
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De energierekening wordt komend jaar een stukje goedkoper door dalende tarieven voor gastransport. Die tarieven moeten 20 procent omlaag, heeft toezichthouder ACM besloten. En dat zorgt voor een besparing van maximaal 5 procent op de energierekening.
( 3
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Ambilight TV prijkt vanaf komend weekend op de mouwen van de spelers van FC Barcelona. De sponsoruiting is afkomstig van TP Vision, het bedrijf dat tv's voor Philips maakt.
( 2
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Sinds de oorlog in Oekraïne is in de Europese Unie ruim 200 miljard euro aan Russische tegoeden bevroren. Europa wil dat geld losweken voor de wederopbouw van Oekraïne.
( 3
min )
Hoewel alle kantoren sinds 1 januari minstens energielabel C moeten hebben, zijn er door het hele land nog duizenden gebouwen die niet aan die plicht voldoen. De eerste waarschuwingsbrieven vliegen de deur uit, maar handhaving is lang niet overal even streng.
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min )
Bedrijven investeren dit jaar wereldwijd voor zo'n 1.000 miljard dollar (ongeveer 930 miljard euro) in projecten voor fossiele energie. Vooral staatsbedrijven in het Midden-Oosten schroeven hun investeringen op. Dat berekende het internationaal energieagentschap IEA.
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min )
Ruim honderd spelletjes voor Android-smartphones zijn vanaf vandaag ook speelbaar op Windows-computers. Google heeft de software waarmee dit mogelijk is nu ook uitgebracht in Europa. Volgens het techbedrijf gaat het nog om een test.
( 3
min )
Transavia schrapt in juli en augustus 210 vluchten vanwege een tekort aan vliegtuigen. Het merendeel van de betreffende reizigers is inmiddels omgeboekt, meldt de luchtvaartmaatschappij donderdag.
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Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden hebben een ultimatum aan het kabinet gesteld dat 16 juni verloopt. Daarin eisen ze een loonsverhoging van 12 procent.
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De Duitse economie is in een recessie terechtgekomen. De grootste Europese economie kromp twee kwartalen achter elkaar. Dit komt vooral door huishoudens die minder geld uitgeven.
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min )
Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden stellen een ultimatum aan het kabinet dat 16 juni verloopt en daarin eisen ze een loonsverhoging van 12 procent. Komt die verhoging er niet, dan dreigen ze met acties in het volgende schooljaar.
( 3
min )
In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.
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In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.
( 3
min )
Vanaf donderdag rijdt voor het eerst sinds 2014 weer een reguliere slaaptrein tussen Amsterdam en Berlijn. De Nederlandse start-up European Sleeper heeft na een lange zoektocht genoeg rijtuigen gevonden om mee naar de Duitse hoofdstad te rijden.
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(Bloomberg) -- House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the US was put on a ratings watch late Wednesday. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers
( 8
min )
(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksMcCarthy Says GOP and White House ‘Have Time’ to Reach Debt
( 11
min )
“BudLighting” is a strategy of branding companies as “woke” and calling for boycotts over everything from gender-inclusive swimwear to Bud Light beer.
( 9
min )
The billionaire investor said in a tweet on Wednesday that he was "fascinated" by the situation between the short seller and Icahn Enterprises, while noting that the company's premium had been sustained by a large dividend yield. "The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors," Ackman said, adding the system is highly dependent on the "maintenance of the premium and the placidity of Icahn's margin lender(s)". Bill Ackman declined to comment beyond his tweet.
( 7
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The provider of business automation software cautions that results could be affected by a recent reorganization of its sales team.
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Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.
( 16
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The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology.
( 28
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More details will be shared by Verizon on May 25, the report said, citing a prerecorded message that employees received. A demand downturn on account of elevated inflation and rising interest rates has forced several U.S. companies ranging from Meta Platforms Inc to Alphabet Inc to lay off thousands of their employees. Verizon in April had missed its first-quarter revenue and free cash flow estimates, hit by wireless subscriber losses as inflation-hit Americans delayed device upgrades and a pandemic-led growth boom fizzled out.
( 7
min )
Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason-they simply can't afford to retire. That's the finding from a new study by Korn Ferry that found that … Continue reading → The post Retirement Crisis: Older Americans Struggle to Afford Life After Work appeared first on SmartAsset Blog.
( 8
min )
(Bloomberg) -- Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuc
( 7
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(Bloomberg) -- Stratasys Ltd. is in talks to acquire Desktop Metal Inc. in an all-stock deal that would create a leading 3D printer company in a fragmented industry, according to people familiar with the matter. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofUS Equities Pare Losses as Debt-Talks Resume: Markets WrapRussian Wagner
( 7
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While results for the quarter ending in April were solid, the company provided a disappointing outlook for the July quarter, and reduced its full-year view.
( 22
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Nvidia Corp on Wednesday forecast second-quarter revenue above Wall Street estimates, as the growing popularity of artificial intelligence drives demand for its chips used in powering the technology at big data centers. The company forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv expect revenue to be $7.15 billion.
( 6
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The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc and Broadcom Inc stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office.
( 7
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The retailer says employees have received threats since its Pride Month collection was introduced.
( 22
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Stocks remained lower Wednesday after minutes from the Federal Reserve's latest meeting showed that several participants were open to pausing interest-rate hikes.
The Dow Jones Industrial Average was down 230 points, or 0.7%. The S&P 500 fell 0.7%, and the Nasdaq Composite dropped 0.8%.
Minutes fr
( 24
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Here's how you can set yourself up financially to make the most out of your post-career years.
( 8
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(Bloomberg) -- Companies that pay rich dividends have been stock-market laggards this year as investors piled into growth-oriented tech giants — but that’s about to change, according to Goldman Sachs.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Ou
( 7
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The brutal truth about the housing market's new Ice Age: If you don't already own a home, you're going to be screwed for years to come.
( 11
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(Bloomberg) -- The deadlock in debt-ceiling negotiations is adding to default concern around a number soon-to-mature Treasury bills and also starting to dent investors' appetite for risk more broadly.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Slide as Sentiment on Global Outlook Sours: Markets WrapLula Lashes Out and S
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The stock is on pace for its worst month in nearly two years.
( 22
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An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.
( 9
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The Treasury secretary says her agency isn’t getting ready for a potential debt default.
( 27
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Billionaires usually shop for grand mansions, but Elon Musk is not the usual billionaire. In 2022, the Tesla Inc. CEO made headlines by revealing that he owns a tiny home made by Boxabl, a company that specializes in making prefabricated modular housing units. Musk said he uses the tiny home as a guest house. But the unit, called the Casita, comes with plenty of features, including a full-size bathroom, kitchen, appliances, tall ceilings and big windows. Coming in at 361 square feet, the Casita
( 8
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On Aug. 16, President Joe Biden signed the Inflation Reduction Act into law, directing billions of dollars to Americans looking to upgrade their homes, businesses and cars. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families One provision of the law allows Americans making less than $150,000 a year to claim a $7,500 tax credit for buying an electric car. The law also provides $9 billion in rebates to help people ele
( 7
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Analysts downgraded the laboratory instruments maker's stock after it trimmed its profit outlook for the year on a loss of demand.
( 22
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The stock has done well, but it hasn't gotten the narrative boost that some other big tech stocks have.
( 22
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Negotiators have failed to reach a deal so far despite a “hard deadline” looming.
( 7
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(Bloomberg) -- Meta Platforms Inc. employees received news Wednesday of the final round of previously announced job cuts, which affected thousands of workers in the company’s business departments. Now, remaining staff are hoping an uncomfortable limbo at the company can end.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Sl
( 8
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With EPS beats surpassing misses by a rather normal 4:1 ratio, 1Q23 earnings have been characterized as ‘better-than-feared.’ That said, since the Q1 earnings season began, the S&P 500’s returns have not been particularly impressive. This suggests to Wells Fargo equity analyst Christopher Harvey that rather than being boosted by earnings/fundamentals, the gains accrued so far this year have been driven mostly by “funding and liquidity.” And if that is the case, the omens are not great. “If credi
( 10
min )
Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.
( 22
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Negotiations to raise the U.S. debt ceiling are expected to resume Wednesday morning, according to a report from Reuters,and%20avoid%20a%2
( 25
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The maker of semiconductors posted adjusted earnings of $2.83 a share for the April quarter, up 18% from the same period a year earlier. Quarterly revenue was $3.26 billion, up 10%.
( 25
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Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.
( 22
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Conventional logic says you should delay withdrawals from your tax-deferred retirement accounts as long as possible to maximize the tax-free compounding that can increase the size of your overall nest egg. But the IRS won't wait forever to get its … Continue reading → The post You Can Now Delay RMDs But Think Twice Before You Do appeared first on SmartAsset Blog.
( 8
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The laboratory instruments maker posted earnings of $1.27 per share, better than the $1.26 expected by analysts.
( 22
min )
Bitcoin's April peak above $30,000 looks increasingly out of reach as U.S. debt-ceiling talks remain a key catalyst for cryptos.
( 22
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Kohl's posted a surprise profit for the fiscal first quarter, helped by the department store chain's moves to cut inventory in the wake of weak sales. The company, based in Menomonee Falls, Wisconsin, also affirmed its annual financial guidance, pushing up shares 11% higher in premarket trading on Wednesday. Kohl’s said that it it cut inventory by 6% while it continued to see sales momentum with its Sephora beauty shops and noted that its stores were more productive.
( 8
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The greenback continues to look for momentum, as the market is sitting just above the recent ascending triangle.
( 7
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XPeng Inc (NYSE: XPEV) reported a first-quarter FY23 sales decline of 45.9% year-on-year, to RMB4.03 billion ($587.31 million), missing the consensus of $741.07 million. The Tesla Inc (NASDAQ: TSLA) rival's quarterly vehicle deliveries decreased 17.9% Y/Y to 18,230. Revenues from vehicle sales decreased 49.8% Y/Y, mainly attributable to lower vehicle deliveries and the discontinuation of new energy vehicle subsidies. Gross margin contracted by 1,050 basis points to 1.7%. Vehicle margin contracte
( 7
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The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.
( 22
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Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.
( 26
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The company forecast third-quarter revenue of $3.10 billion, plus or minus $100 million, the midpoint of which was lower than analysts' estimates of $3.16 billion, according to Refinitiv data. Analog Devices also said it expects current-quarter adjusted profit of $2.52 per share, plus or minus 10 cents, below estimates of $2.65 per share. The dour forecast mirrors the weakness seen at peer Texas Instruments Inc last month, with the chip industry struggling to shake off a slump that has led to a pile-up of inventory.
( 7
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Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
( 8
min )
The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.
( 22
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Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.
( 22
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Target is pulling some Pride collection products off its shelves after some customers made their homophobic feelings known.
( 9
min )
Intuit boosts its fiscal-year earnings and revenue outlook but its fourth-quarter profit estimate misses estimates, Palo Alto Networks raises guidance on profit, revenue, and billings for the fiscal year, PacWest sells a real-estate lending arm, and Agilent says customers becoming more conservative with spending decisions.
( 23
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Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.
( 22
min )
Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.
( 23
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(Bloomberg) -- Mark Nash is shorting two-year Treasuries — what he calls the most dangerous US bonds — in a bet markets are wrong in predicting the Federal Reserve will cut interest rates this year. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekLuxury Stocks Lose $30 Billion in One Day on Demand FearsMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeWorld’s Richest Man Loses $11 Billion After
( 7
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Bill Ackman's Pershing Square Holdings trades at a 37% discount to its NAV as investors await his comments Wednesday.
( 22
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(Bloomberg) -- Asian travel and retail stocks fell amid concerns on the latest wave of Covid in China as well as a possible slowdown in the US economy.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationShares of luxury bran
( 6
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The company is leading maker of chips used for videogames, artificial intelligence, and cloud computing applications.
( 22
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"But if we are in this sticky inflationary environment, do you really want to be in cash or bonds?" Savita Subramanian said.
( 7
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The engineering grad turned hedge fund VP quit a stable job to build “the everything store.”
( 27
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Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.
( 16
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Stocks fell for a second straight day as negotiations on the debt ceiling continued, with 3M and Boeing helping lead shares lower.
( 16
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TurboTax maker Intuit missed revenue estimates for key tax season and shares declined.
( 16
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Abercrombie & Fitch surprised investors with a quarterly profit, and the retailer boosted its full-year guidance.
( 16
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If you have equity in your home and need more cash, a reverse mortgage, home equity loan, and home equity line of credit are great options
( 26
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As investors become more environmentally conscious, they have access to an increasing number of green exchange-traded funds (ETFs).
( 23
min )
A delivery month is the month stipulated for delivery of the underlying commodity in a futures contract.
( 19
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To help you find the right CD, savings, or money market account, we research 200 financial institutions every business day to unearth the best rates. Here's the criteria we use.
( 20
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The trillion-dollar coin is a proposed platinum coin with a face value of $1 trillion, which could be used to reduce the national debt.
( 23
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Empower (formerly Personal Capital) and Vanguard Personal Advisor Services are both excellent robo-advisors, but Vanguard Personal Advisor Services charges much less in fees.
( 27
min )
Maximize your portfolio by learning about investment opportunities in gold, including bullion, mutual funds, futures, mining companies, and more.
( 27
min )
American citizens of every political persuasion may justifiably wonder where all that money comes from and how it’s spent.
( 19
min )
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is a sovereign wealth fund established by the Republic of Azerbaijan.
( 20
min )
Learning just a few basic characteristics about options makes them very useful and easy to understand
( 21
min )
A guarantor is a person who guarantees to pay a borrower's debt if they default on a loan obligation. Read more about the role of a guarantor in finance.
( 23
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Find out about the rewards the Amazon Prime Rewards Signature Visa Card offers, how to get it, who qualifies, and alternatives.
( 26
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As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.
( 25
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Revolving credit is an agreement that permits an account holder to borrow money repeatedly up to a set limit while repaying in installments. Here's how it works.
( 25
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Kohl’s (KSS) investors got a positive surprise as the struggling department store chain reported an unexpected quarterly profit of 13 cents per share.
( 16
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Sovereign debt is issued by a country's government in order to borrow money.
( 22
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Understanding the factors behind Treasury yields and interest rates is crucial for an investor.
( 24
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Homeowners looking to sell their homes are locked into lower rates, and as interest rates climb, would-be sellers are sitting out of the market.
( 18
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Here are a few ways to invest $1,000 to help it grow.
( 21
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Revenue is the total amount of income generated by the sale of goods or services, while income is earnings or profit—revenue minus expenses.
( 23
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If you’re headed for college, federal student loan interest rates at 13-year highs can be disheartening. For many borrowers, however, interest rates could become virtually irrelevant.
( 17
min )
A gold bug is an investor that is bullish on gold.
( 21
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A box-top order is an order to buy or sell the best market price.
( 19
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The average mortgage rate on 30-year loans rose for the eighth day in a row, jumping 21 basis points. The 15-year average was also up again, though only modestly.
( 19
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Abbott, the nation’s largest maker of infant formula, is being investigated by the Federal Trade Commission for potentially anti-competitive federal nutrition program bids.
( 17
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A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.
( 21
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Fewer than half of registered voters think a default on the U.S. debt obligations would significantly impact their personal finances, but economists disagree.
( 16
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Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.
( 22
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A sole proprietorship or sole trader is an unincorporated business with a single owner who pays personal income tax on business profits.
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With Microsoft leading the pack, these are the 10 biggest software companies by 12-month trailing revenue.
( 20
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To begin, you need to know your cost basis, or the price you paid for the stock. If you did not record this information, you should have an order execution confirmation and/or an account statement that covers the date of your purchase with the purchase price.
( 19
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TH International, Wingstop, and Kura Sushi lead the industry in revenue growth
( 20
min )
The golden rule of government spending is that a government may borrow only to invest, not to finance current spending. Learn how this works in the real world.
( 22
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Deutsche Bank (DB) and Citigroup (C) on Wednesday admitted to trading sensitive information on U.K. government bonds, and were among five banks found in breach of U.K. competition law.
( 16
min )
Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.
( 25
min )
The BCG growth-share matrix is a heuristic developed by the Boston Consulting Group used to classify a firm's project outlooks.
( 23
min )
The Darla Moore School of Business is the business school of the University of South Carolina.
( 19
min )
Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set.
( 23
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Singer, songwriter, actor, and businesswoman Selena Gomez has worn many hats in her career—and has amassed a net worth of $95 million doing so, according to Celebrity Net Worth. Her career as an actress, producer, singer, and her makeup brand, Rare Beauty, have contributed to her millions.
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Aspen Technology, RenaissanceRe Holdings, and Healthcare Realty Holdings lead mid-cap stocks in revenue growth.
( 20
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Form W-9 is an Internal Revenue Service form which is used to confirm a person's taxpayer identification number (TIN).
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AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.
( 22
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Ahold Delhaize, het moederbedrijf van Albert Heijn, kreeg woensdag veel kritiek in de Tweede Kamer vanwege hun prijsverhogingen, hoge winst en beloning voor de topman. Diverse partijen trokken fel van leer omdat ze de lonen van medewerkers te laag vinden, terwijl het bedrijf vorig jaar 2,5 miljard euro winst maakte en topman Frans Muller miljoenen kreeg.
( 5
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Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.
( 3
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Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.
( 3
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Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.
( 3
min )
Een Netflix-account delen met vrienden en familie kan behoorlijk schelen in de kosten. Maar Netflix loopt daardoor inkomsten mis. Daarom gaat het bedrijf deze meelifters 3,99 euro per maand extra laten betalen.
( 4
min )
De NS mag op het grootste deel van het Nederlandse spoornetwerk het treinverkeer blijven verzorgen. Het kabinet blijft bij zijn besluit om het contract met het bedrijf voor het hoofdrailnet te verlengen.
( 3
min )
De rechtbank Den Haag doet geen uitspraak over de vraag of de NS meer concurrentie krijgt op het spoor. Volgens de rechtbank gaat ze daar als burgerlijke rechter niet over. Bovendien zijn de regionale vervoerders te vroeg naar de rechter gestapt, omdat de vergunning nog niet definitief aan NS is verleend.
( 3
min )
Facebook moet inzage geven in alle documenten die de Europese Commissie opvraagt. Dat heeft het Hof van Justitie van de Europese Unie bepaald na klachten van Facebook-moederbedrijf Meta. Brussel onderzoekt of het sociale netwerk zich schuldig maakt aan oneerlijke concurrentie.
( 3
min )
Nederland moet aan de slag met het beperken van de energiesteun en het aanmoedigen van werk via vaste aanstellingen om het personeelstekort te verkleinen. Verder vraagt de Europese Unie in een lijst met aanbevelingen om iets meer zuinigheid. Het begrotingstekort moet ondanks moeilijke economische tijden niet te veel oplopen.
( 5
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Na Rabobank en ING heeft nu ook ABN AMRO laten weten dat de rente op de spaarrekening per 1 juni van 0,75 procent naar 1 procent gaat. Dat geldt voor zowel particuliere als zakelijke spaarrekeningen.
( 3
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De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Op ons reactieplatform NUjij waren hier veel vragen over. Want wat betekent dit voor de economie? En is dit het juiste moment om een huis te kopen of kun je beter nog even wachten? Stel je vragen over de huizenprijzen hier.
( 2
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Jumbo en flitsbezorger Getir beëindigen hun samenwerking. De supermarktketen wil zich richten op de winkels en webshops en stopt met de bevoorrading van de magazijnen van Getir.
( 3
min )
De verplichte verkoop van GIPHY heeft Facebook-moederbedrijf Meta veel geld gekost. Stockfotodienst Shutterstock koopt het gifjesplatform voor 53 miljoen dollar (49,2 miljoen euro). Drie jaar geleden betaalde Meta er nog 400 miljoen dollar voor.
( 3
min )
Het leven in het Verenigd Koninkrijk was in april 8,7 procent duurder dan in dezelfde maand vorig jaar. Dat is fors meer dan de 2 procent inflatie die de Britse centrale bank voor ogen heeft.
( 3
min )
Ondernemers zijn bezorgd over de extra belasting op aardgas die ze vanaf volgend jaar moeten betalen. Werkgeversorganisaties VNO-NCW en MKB-Nederland spreken van "een strafheffing".
( 3
min )
Een deel van de huiseigenaren krijgt het niet voor elkaar subsidie aan te vragen voor het verduurzamen van hun woning. Zij vinden het aanvraagproces onbegrijpelijk, ontoegankelijk en zeer tijdrovend, blijkt uit het subsidiemeldpunt van Vereniging Eigen Huis (VEH).
( 3
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Vier mensen zijn dinsdag opgepakt bij de ontmanteling van een illegale dienst voor internet-tv. De dienst had honderdduizenden abonnees.
( 3
min )
Een deel van de huiseigenaren krijgt het niet voor elkaar subsidie aan te vragen voor het verduurzamen van hun woning. Zij vinden het aanvraagproces onbegrijpelijk, ontoegankelijk en zeer tijdrovend, blijkt uit het subsidiemeldpunt van Vereniging Eigen Huis (VEH).
( 3
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NS hoort woensdag van de rechtbank in Den Haag of het meer concurrentie krijgt van andere vervoerders. De staat heeft het grootste deel van het treinvervoer in Nederland na 2025 gegund aan NS. Regionale vervoerders zoals Qbuzz en Arriva zijn gepikeerd dat zij niet mochten meedingen naar treinvervoer en stapten naar de rechter.
( 5
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Wilt Chamberlain holds the NBA record for career rebounds, with 23,924 in total, or 22.9 per game, for a truly great sustained performance. But rebounds don’t only come in basketball, and a savvy investor, while not likely to pick up 23,924 rebounding stock transactions, can still find plenty of stocks that are primed for rebounds in the current market environment. That environment, with headwinds still in play making every shot more difficult, has left plenty of fundamentally sound stocks under
( 12
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Retailer said some shoppers knocked down displays of Pride Month products and threatened store employees.
( 26
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(Bloomberg) -- There are few, if any, leaders in the world who are publicly lashing out at central bankers more than Brazil’s Luiz Inacio Lula da Silva.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s $23 Trillion Local Debt Mess Is About to Get WorseChina’s New Covid Wave Set to See 65 Million Cases a WeekThe reasons are inc
( 10
min )
Target is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. Target declined to say which items it was removing but among the ones that garnered the most attention were “tucker friendly” women’s swimsuits that allow trans women who have not had gender-affirming operations to conceal their private parts. The Pride merchandise has been on sale since early May. Pride month is held in June.
( 7
min )
The cybersecurity software company posted solid results for its fiscal third quarter ended April 30.
( 22
min )
(Bloomberg) -- Stratolaunch LLC and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt space-launch company tied to billionaire Richard Branson.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a
( 8
min )
(Bloomberg) -- Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeChina’s $23 Trillion Local Debt Mess Is About to Get WorseRussia Pushes India for Help to Avert Global Financial IsolationSaudi Energy Minister Tells Oil Specu
( 7
min )
When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely". Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week. Tesla announced earlier this year that it would open a gigafactory in Mexico as the world's most valuable automaker pushes to expand its global output.
( 7
min )
European luxury stocks dropped on Tuesday, wiping billions off their valuations, highlighting the sector's importance for the region's market rally.
( 23
min )
I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
( 9
min )
The U.S. is on track to default on its payments obligations if the debt ceiling is not raised. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, the problem could extend beyond a debt crisis. “The debt ceiling negotiations is ridiculous because it’s not dealing with the problem,” he said in a YouTube video. The billionaire investor explains that if the debt ceiling is raised, the U.S. will just keep piling on debt. And if the limit does not increase, t
( 9
min )
The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives' committee on China said on Tuesday. The restrictions this week by China's cyberspace regulator against Micron, the biggest U.S. memory chipmaker, were the latest in a widening trade dispute between the world's two largest economies.
( 7
min )
Privately-held Morphogenesis Inc has agreed to combine with CohBar Inc (NASDAQ: CWBR) in an all-stock transaction forming a company combining expertise and resources to advance a late-stage oncology pipeline. The combined company will focus on advancing Morphogenesis' two technologies that seek to overcome the major obstacles that limit the effectiveness of current immunotherapies in treating cancer. The combined company is expected to operate under the name "TuHURA Biosciences Inc" and to trade
( 7
min )
Netflix on Tuesday outlined how it intends to crack down on the rampant sharing of account passwords in the U.S., its latest bid to reel in more subscribers to its video streaming service amid a slowdown in growth. To combat password sharing, Netflix said it will limit viewership of its programming to people living in the same household. Subscribers will still be able to watch Netflix when they are traveling.
( 7
min )
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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.
( 18
min )
Apple has unveiled a multibillion-dollar deal with Broadcom to produce new 5G radio frequency components in the US. The May 23 announcement comes as Apple—the world’s largest consumer electronics company—looks to spend more than $400 billion on domestic manufacturing.
( 8
min )
Shares of companies that drill primarily for natural gas are poised to outperform their oil-focused counterparts by multiples, according to Bank of America analysts.
Their argument is based on the assumption that future prices of natural gas will equal or exceed the current futures curve, which slo
( 19
min )
Security had to protect the board of Shell at the oil giant's annual general meeting as climate protesters rushed the stage amid more than an hour of disruption.
( 29
min )
Congress is putting US Treasury Secretary Janet Yellen in a tough spot.
( 7
min )
Enterprise adoption of AI remains one of the biggest prizes for tech companies.
( 23
min )
Bud Light sales were down 28.4% in the latest week, and parent Anheuser-Busch is now offering big rebates that could cut the cost of a case to under $5.
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The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.
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The new multiyear agreement brings manufacturing of some components to the U.S.
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Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.
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Cathie Wood’s singular investing style has generated huge returns for investors of her ARK Invest ETFs during certain periods (such as during the pandemic). However, it’s a strategy that has also been responsible for racking up losses during other times, such as last year’s bear market. Wood’s preference has always been for disruptors – whether in tech, healthcare, or the auto industry – and even in difficult times, she has not deviated from that path. Whatever you make of her stock choices, Woo
( 10
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Apple has entered a multiyear deal with the chip and network equipment maker for components that will be made in the U.S.
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(Bloomberg) -- A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden, McCarthy Still Without Debt Deal But Sound Positive ToneSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’Parents Sue Elite Schools for ‘Indoct
( 8
min )
AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.
( 25
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
( 12
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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How … Continue reading → The post How to Invest in EV Charging Stations appeared first on SmartAsset Blog.
( 8
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The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.
( 23
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(Bloomberg) -- A blistering rally in luxury goods stocks this year powered by international demand particularly from China has taken a hit, wiping out more than $30 billion from the sector on Tuesday.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekMexico Raises A
( 8
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(Bloomberg) -- Hungary’s forint weakened the most worldwide as Prime Minister Viktor Orban said his country had split with the European Union on Ukraine and the nation’s central bank prepares to cut interest rates.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekM
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J.P. Morgan analyst Bill Peterson launched coverage of the five steel producers. He doesn't really like any of them.
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AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.
( 22
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Lowe's beat expectations for its first-quarter earnings but cut its full-year earnings and revenue outlook on softer consumer spending.
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Investing.com - The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed's fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks' balance sheets to their knees.
( 7
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The Detroit automaker sharpened its pitch to investors, but expectations are already high.
( 27
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They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed.
( 23
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(Bloomberg) -- US equity futures rose while Treasury yields and a gauge of dollar strength were little changed after President Joe Biden and House Speaker Kevin McCarthy said they had a productive talk on the debt ceiling. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a W
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 21
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On Friday, the Treasury General Account was $60.7 billion, down from $140 billion just a week prior.
( 37
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"When governments for one reason or another run up large debts, it is, as far as I can tell, unusual to pay those debts off," Nobel economist Paul Krugman said.
( 37
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About 8 million jobs could be lost if the US fails to raise its debt ceiling ahead of the upcoming deadline in early June, according to the analysis.
( 38
min )
Commercial lines insurance protects businesses from potential losses they can't afford to cover.
( 22
min )
A business is an individual or group engaged in financial transactions. Read about types of businesses, how to start a business, and how to get a business loan.
( 29
min )
A dividend is a distribution of earnings, often quarterly, by a company to its shareholders in the form of cash or stock reinvestment.
( 28
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In an email sent to American users Tuesday, Netflix issued a new set of guidelines for users who wish to share accounts, as part of its push to crack down on password sharing.
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Individuals can find discounted ways to purchase a home through auctions, government programs, or with rental income.
( 20
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Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade
( 16
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U.S. equities lost ground on May 23, 2023 as White House and congressional negotiators still haven't reached a deal on raising the federal debt ceiling to avoid a potential government default.
( 16
min )
Costco (COST) will likely report solid earnings growth as rising memberships and sustained customer loyalty could help the wholesaler offset weakness in discretionary spending and ecommerce.
( 17
min )
Lordstown Motors announced a 1-for-15 stock split to get shares high enough to keep the stock listed on Nasdaq and save a Foxconn investment.
( 16
min )
Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.
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E-commerce is a business model that enables the buying and selling of goods and services over the internet.
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Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.
( 17
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Activist investor TCS Capital Management demanded Yelp take immediate steps to boost the stock price, including considering a sale.
( 16
min )
With Scorpio leading the pack, these are the 5 biggest oil tanker companies by 12-month trailing revenue.
( 20
min )
Predatory lending imposes unfair, deceptive, or abusive loan terms on a borrower. Many states have anti–predatory lending laws.
( 30
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Housing market demand varies city-to-city by most in a decade.
( 18
min )
Learning how to buy Bitcoin with a credit card might seem like a great idea, but there’s a lot to take into consideration to ensure that you are doing it right.
( 20
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Clients need to understand the full picture, including the good and bad of cryptocurrency investing.
( 25
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Slippage refers to the discrepancy between the expected price of a trade and the price at which the trade is executed.
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These are the sports betting stocks with the best value, fastest growth and most momentum best performance for Q2 2023.
( 22
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It is important to know what condition would classify as mortgage fraud and know about the common schemes and scams you should avoid.
( 25
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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.
( 16
min )
Webull is a top rated discount broker. Come learn how its fractional share offering can help you build a diversified portfolio.
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The Consumer Financial Protection Bureau (CFPB) reached a settlement with Citizens Bank Tuesday over what the bureau called unlawful credit card servicing practices.
( 16
min )
The deal will help Apple pivot to U.S. suppliers and give some runway to Broadcom to diversify its revenue stream for life after Apple begins making its own chips in-house.
( 17
min )
TikTok sued Montana, alleging state legislation banning the video-sharing app violates the First Amendment. The Chinese-owned video app previously fought former President Donald Trump over a similar ban.
( 16
min )
A NINJA loan is a slang term for a loan extended to a borrower with "no income, no job and no assets."
( 20
min )
A guide for parents on common money apps. Find out why Apple Wallet, Cash App, and children's debit cards stand out among other players such as PayPal and Google Pay.
( 26
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The average mortgage rate on 30-year home loans rose for the seventh day in a row, and the 15-year average was also up again. Refinance loans saw fixed rates edge higher, too.
( 20
min )
Exposure at default (EAD) is the total value that a bank is exposed to at the time of a loan's default.
( 21
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Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.
( 19
min )
A money market account (MMA) is a savings account with several features not found in most savings accounts.
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Financial well-being is the lowest it's been in seven years, according to the Federal Reserve.
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A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.
( 35
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Learn about how Investopedia's credit card rating methodology considers over 70 features of credit cards including proprietary reward points valuation.
( 21
min )
Microsoft brengt dit jaar een chatbot voor Windows 11 uit met kunstmatige intelligentie. De Copilot AI werkt binnen het Windows-besturingssysteem en kan helpen bij allerlei taken op de computer. Verder heeft Microsoft nog veel meer plannen met AI, maakte het bedrijf dinsdag bekend.
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Europese brouwers zijn geschokt door de plannen van Ierland om uitgebreide gezondheidswaarschuwingen op alcoholproducten te zetten.
( 3
min )
De Staat vindt dat het Amerikaanse chemieconcern 3M de schade moet vergoeden die schadelijke stoffen in de Zeeuwse Westerschelde hebben aangericht. Minister Mark Harbers (Infrastructuur en Waterstaat) heeft het bedrijf aansprakelijk gesteld, laat de landsadvocaat in een brief aan 3M weten.
( 3
min )
Nederlandse huishoudens hebben in de eerste drie maanden van dit jaar ondanks de onrust in de bankensector winst behaald op hun beleggingen. Zij hebben ook meer belegd in aandelen en obligaties van banken, zo meldt De Nederlandsche Bank (DNB).
( 3
min )
Wie in de lente en zomer energie wil besparen, doet dat het beste in de badkamer. Dan is de douche de grootste energiegebruiker. Althans, in een gemiddeld huishouden. Want er blijken grote verschillen te bestaan en die tellen op jaarbasis op tot honderden euro’s.
( 4
min )
Het bestuur van Shell moest op de aandeelhoudersvergadering in Londen afgeschermd worden voor klimaatactivisten. Ze probeerden het podium te bestormen en zijn afgevoerd door beveiligers.
( 3
min )
De Hongkongse luchtvaartmaatschappij Cathay Pacific Airways heeft haar excuses aangeboden voor vermeende discriminatie van een Chinese passagier. Die zou om een deken hebben willen vragen, maar gebruikte het Engelse woord carpet (tapijt) in plaats van blanket. Het personeel zou de reiziger daarom hebben uitgelachen.
( 3
min )
Klanten van ING krijgen vanaf 1 juni 1 procent rente op hun spaargeld. Dat is nu nog 0,75 procent. Het is de tweede renteverhoging in korte tijd bij de grootste bank van het land. Daarmee volgt het bedrijf zijn concurrent Rabobank, die vorige week bekendmaakte zijn spaarrente voor de tweede keer in ruim een maand op te schroeven.
( 3
min )
Een deel van het personeel van de Nedcar-fabriek in Born heeft dinsdag opnieuw het werk neergelegd. De staking volgde op langlopende onderhandelingen over een nieuw sociaal plan. De staking is een initiatief van werknemers zelf en is niet opgezet door vakbonden. Volgens VDL Nedcar zijn de medewerkers inmiddels weer aan de slag gegaan.
( 3
min )
Reisorganisatie Corendon vliegt vanaf november zelf klanten naar Curaçao. De afgelopen tien jaar deed KLM dat. In eerste instantie vliegt Corendon vijf keer in de week, in het hoogseizoen wordt dat opgevoerd naar zes keer in de week.
( 3
min )
Google verzamelt op illegale wijze privacygevoelige gegevens, vinden de Consumentenbond en Stichting Bescherming Privacybelangen (SBP). Daarom eisen de organisaties een schadevergoeding voor alle Google-gebruikers in Nederland.
( 4
min )
De Amsterdamse afvalverwerker AEB komt toch niet in handen van zijn Rotterdamse sectorgenoot AVR. Het bedrijf dat na de overname ontstaat, wordt te groot volgens mededingingsautoriteit ACM. Daarom zet het een streep door de deal. AEB kwam enkele jaren geleden in de problemen doordat het een deel van zijn afvallijnen moest stopzetten.
( 3
min )
Een nepfoto van een explosie in de buurt van het Pentagon heeft maandag tot verwarring en een korte dip op de Amerikaanse beurs geleid. De afbeelding is hoogstwaarschijnlijk met kunstmatige intelligentie (AI) gemaakt.
( 3
min )
TikTok heeft maandag een proces tegen de Amerikaanse staat Montana aangespannen, omdat daar vorige week een wet is aangenomen die het sociale medium verbiedt.
( 3
min )
Met de meivakantie en een lang weekend achter de rug voelen we ons weer fitter. Dat is hard nodig in deze tijd van hoge werkdruk, die wordt veroorzaakt door de krapte op de arbeidsmarkt. Dat zegt Jurriaan Penders, bedrijfsarts en directeur medische zaken bij HumanCapitalCare.
( 4
min )
In de eerste drie maanden van dit jaar hebben we minder gekocht. Toch hebben winkels meer omgezet, blijkt uit nieuwe cijfers van statistiekbureau CBS. Dat komt vooral doordat de prijzen nu veel hoger zijn.
( 3
min )
The well-worn adage ‘Keep it simple’ isn’t just a cliché; it holds true in many areas of life, including the stock market. It’s easy to get lost in the never-ending barrage of information and day-to-day drama on Wall Street, but a simple strategy will often point towards the best investment choices. One such strategy is to keep an eye on the insiders’ moves. These corporate officers are the ones who know best what is going on in the companies they oversee. When they are seen buying shares of the
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min )
"A growth model dependent on stimulus and debt was always going to be unsustainable, and now it has run out of steam."
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Zoom Communications shares jumped after beating analysts' estimates for revenue.
( 17
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(Bloomberg) -- A falsified photograph of an explosion near the Pentagon spread widely on social media Monday morning, briefly sending US stocks lower in possibly the first instance of an AI-generated image moving the market.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racis
( 8
min )
(Bloomberg) -- Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekThe commercial mortgage
( 7
min )
Zoom Video beat Wall Street estimates and the company's own guidance—for both earnings and revenue—for the just-ended April quarter.
( 22
min )
Shares of the tech giant have gained 34% this year, more than triple the S&P 500.
( 22
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Zim outperformed competitors on the way up and is falling faster than other carriers on the way down. The post Shipping line Zim gets hammered by high spot-rate exposure appeared first on FreightWaves.
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Singapore Airlines, Sun Country Airlines, and Copa Holdings lead industry in revenue growth
( 21
min )
Apple, Microsoft, Alphabet, Amazon and Nvidia are worth nearly $9 trillion combined as an AI boom has seen investors pile into mega-cap tech stocks.
( 38
min )
(Bloomberg) -- The US is hurtling toward a credit default that pundits universally agree would be catastrophic for the economy and financial markets. So why is the S&P 500 treading water near a nine-month high?Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverGame theory offers some insi
( 39
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The chip maker is getting a vote of confidence from KeyBanc Capital Markets for its long-term commitment to AI apps.
( 22
min )
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Chevron (CVX) said Monday it would buy energy exploration and production company PDC Energy (PDCE) for $6.3 billion.
( 17
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First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of illegally poaching more than 40 of the failed bank's employees. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers in order to improperly gain access to Silicon Valley Bank's (SVB) trade secrets. First Citizens in the lawsuit said it is seeking more than $1 billion in damages.
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Shares of electric-vehicle giant Tesla are logging their fifth straight day of rising Monday. There are a few reasons for the big gain, but Ford might account for most of it.
( 22
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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.
( 23
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ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a Q1 2023 sales decline of 63% Y/Y to $1.37 billion, missing the consensus of $1.57 billion. Carried volume in Q1 was 769 thousand TEUs, a decrease of 10% Y/Y. The average freight rate per TEU in Q1 was $1,390 (-64% Y/Y). The company generated an EPS loss of $(0.50), down from $14.19 a year ago. Adjusted EBITDA fell 85% Y/Y to $373 million, with margins of 27% vs 68% a year ago. ZIM's total cash position stood at $4.25 billion as of March
( 38
min )
(Bloomberg) -- Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalFord has struck deals with Albemarle Corp., the world’s top
( 39
min )
He cautioned investors against falling into a “false bull trap.”
( 39
min )
The chip maker is getting a vote of confidence from KeyBanc Capital Markets for its long-term commitment to AI apps.
( 22
min )
The two sides' relative negotiating strength helps explain why fInancial markets have stayed relatively calm, writes Larry Hatheway.
( 43
min )
Exxon Mobil has bought land in Arkansas that contains lithium, a key component in lithium-ion batteries that power electric vehicles.
( 22
min )
Following 2022’s bear, the markets have made a recovery in 2023 with both the S&P 500 and, in particular, the NASDAQ showing healthy year-to-date gains. Therefore, it might be a natural instinct for investors who have nursed heavy losses to be eying the exit gate now the market is rebalancing, and the initial investment is back to breaking even. That kind of thinking, however, is a big mistake, says legendary investor Ken Fisher. “As initial bull market rallies build, investors — raw from the pr
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min )
(Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near Capital“I think we’re going to have to grind higher,” he said Monday
( 37
min )
(Bloomberg) -- Chevron Corp. said it will buy driller PDC Energy Inc. in a $6.3 billion all-stock deal, allowing Chevron to expand its holdings in shale basins in Colorado and West Texas.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalChevron will pay $72 a share, a roughly 14% premium on
( 38
min )
Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private companies approved by Medicare. We'll dive … Continue reading → The post Differences of Medigap vs. Medicare Advantage appeared first on SmartAsset Blog.
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Retirement is a major milestone that most couples look forward to. But some couples find the transition to retirement negatively impacts their marriage, sometimes resulting in irreconcilable differences and divorce. Rates of late-in-life divorce, also called "gray" divorce, have risen … Continue reading → The post How to Navigate a Divorce After You Retire appeared first on SmartAsset Blog.
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Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can buy a house or set up a savings account without … Continue reading → The post Differences of Beneficiary Designations vs. Wills appeared first on SmartAsset Blog.
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The deal would boost the oil company’s ownership in the largest U.S. oil field and in the Denver-Julesburg Basin.
( 25
min )
'PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production basins,' says Chevron Chairman and CEO Mike Wirth in a statement.
( 25
min )
Mizuho of Japan has agreed to buy investment bank Greenhill in a deal worth $550 million including debt, the companies said Monday.
Greenhill's stock surged premarket.
Some key details:
Mizuho is paying [$15 a share in cash](https://www.globenewswire.com/news-release/2023/05/22/2673304/0/en/Miz
( 18
min )
The drugmaker is paying $17 a share for the Swiss biotech company. The move adds to the $71 billion worth of deals announced in the healthcare and life sciences space in the first quarter.
( 22
min )
Washington awaits bids to refill crude reserves with modified price proposal.
( 28
min )
Ironwood Pharmaceuticals is paying $17 a share for the Swiss biotech company.
( 22
min )
(Bloomberg) -- PacWest Bancorp, one of the regional US lenders that was engulfed in turmoil earlier this month, said it agreed to sell a $2.6 billion portfolio of 74 real estate construction loans as part of its plan to shore up liquidity.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Mexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersKen
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min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
min )
The bank and other regional lenders have come under fire from investors over the past few months.
( 22
min )
Ford Motor Co. CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. The days of Ford being all things to all people are over, Farley said in a statement ahead of the company's capital markets day event Monday. Executives are to explain how Ford will get to a 10% pretax profit margin in 2026.
( 38
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Another debt-ceiling meeting, China bans some Micron sales as chip war escalates, and other news to start your day.
( 23
min )
Powerful investors such as Brookfield Asset Management are starting to cut their losing real estate bets to protect returns.
( 25
min )
Regional lender PacWest Bancorp said on Monday it entered into an agreement to sell a portfolio of 74 real estate construction loans to a subsidiary of Kennedy-Wilson Holdings Inc.
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min )
Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms. They are intentionally spraying wheat fields with crop-killing chemicals and claiming insurance payouts more than normal, betting the grain is not worth harvesting, Reuters found on a three-day tour of the state. Abandoning fields will lead to a smaller U.S. wheat supply in the world's No. 5 wheat exporter, with stocks seen falling to a 16-year low.
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China’s cyberspace regulator told companies involved in critical information systems to stop buying Micron chips.
( 23
min )
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate.
( 26
min )
U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing. The center, which will be based in Sunnyvale, California, will come on line in 2026 and create up to 2,000 engineering jobs, said Applied, which is the world's biggest maker of the tools used in manufacturing chips. The facility will host about $25 billion of research work over its first decade, pulling together staff from research universities and major chipmakers such as Intel Corp, Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd, among others.
( 39
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India has witnessed a spurt in demand for gold since the Reserve Bank of India (RBI), last week, announced that the 2,000-rupee currency notes will be pulled out of circulation.
( 38
min )
China bans companies from buying chips from Micron Technology, Ford hosts an investor day, and Zoom Video is scheduled to report earnings Monday.
( 23
min )
(Bloomberg) -- Don’t be fooled into believing that the rally in US stocks is the beginning of a new bull market, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’China’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalZelenskiy Signals Bakhmut Falling, Russian Casualties HighWilson, among the most bearish voices on Wall Street, says there’s too much evidence,
( 38
min )
(Bloomberg) -- Adani Group shares surged on Monday, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged by US short seller Hindenburg Research.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighMexico Raises Alert Level on Volcano Rumbling Near CapitalTraders Brace for Volatility With US Debt Deal Still ElusiveThe 10 Adani stocks
( 38
min )
China has said it found "relatively serious" cybersecurity risks from chips made by US semiconductor giant Micron amid an escalating technology battle between the superpowers.
( 39
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Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Norfolk Southern, DraftKings, Union Pacific, and AnaptysBio. Norfolk Southern (NYSE:NSC) shares rose more than 2% pre-market today after two Wall Street firms upgraded the company, as InvestingPro reported in real time. Wells Fargo upgraded the company to Overweight from Equal Weight and raised its price target to $250.00 from $225.00.
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Credit Suisse AG staff are making preparations to sue the Swiss financial regulator over $400 million of bonuses that were cancelled following the bank's rescue by UBS, the Financial Times reported on Monday. Law firms Quinn Emanuel and Pallas, which are already suing Swiss regulator Finma on behalf of investors who owned AT1 bonds, have received multiple requests from senior managers at Credit Suisse to take legal action on their behalf, the report said.
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As talks over raising the U.S. government's $31.4 trillion debt ceiling go down to the wire, Wall Street banks and asset managers have been preparing for the fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. Less than two weeks remain until June 1, when the Treasury Department has warned that the federal government might not be able to pay all its debts, a deadline U.S. Treasury Secretary Janet Yellen reaffirmed on Sunday.
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Korean carmaker known for its budget brands has become an EV innovator; sets sights on Tesla
( 22
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The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in U.S. debt ceiling negotiations and after Federal Reserve chair Jerome Powell indicated a preference to slow rate hikes. Investors now await a key meeting between U.S. President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling on Monday. "Have we not seen this movie before?" National Australia Bank strategist Rodrigo Catril said in a client note, while Westpac strategist Sean Callow called it a "hiccup."
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Cyberspace office says the chip maker’s products pose a major national-security risk.
( 27
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Oil prices edged up on Monday on a softer dollar and supply cuts from Canada and OPEC+ producers, while investors waited to see if a pledge by the Group of Seven (G7) nations to strictly enforce price caps on Russian energy would impact exports. Brent crude futures climbed 14 cents, or 0.2%, to $75.72 a barrel by 0018 GMT while U.S. West Texas Intermediate crude for July delivery, the more actively traded contract, was at $71.84 a barrel, up 15 cents, or 0.2%. The dollar came off a two-month top against a basket of major peers as investors expect the Federal Reserve to keep rates unchanged at its June meeting.
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Vanguard mutual funds and exchange-traded funds (ETFs) can be bought through other brokerages, but some advantages may be lost and some fees incurred.
( 19
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(Bloomberg) -- Equity futures for US and Asian stock benchmarks slid while currencies held within tight ranges in a cautious start to trading Monday as the risk of a debt default in Washington cast a shadow over markets.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighTraders Brace for Volatility With US Debt Deal Still ElusiveBiden Says US-China Relations Set to Improve ‘Very Shortly’Movements in mo
( 39
min )
Zoom Communications shares jumped after beating analysts' estimates for revenue.
( 16
min )
JPMorgan's Dimon has no plan soon to step aside as CEO, sees potential credit distress ahead but no repeat of 2008-09 crisis
( 17
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Personal loan rates jumped following three weeks of declines, raising the overall average by 51 basis points and crossing the 21.00% threshold for the first time this year.
( 18
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U.S. equities ended mixed on Monday, May 22, 2023 before President Biden and Speaker McCarthy were set to meet to negotiate an end to the debt ceiling stalemate.
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With Apple leading the pack, these are the 10 biggest tech hardware companies by 12-month trailing revenue.
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PacWest Bancorp sold 74 construction loans valued at $2.6 billion to Kennedy-Wilson Holdings, as it tries to boost its finances.
( 16
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The number of financial designation programs offering expertise in “senior finance” is on the rise, but do they offer real value?
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Pfizer's experimental diabetes treatment helped patients lose weight similar to Ozempic, but in less time.
( 16
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An investment thesis is a strategy proposal backed by original research and analysis. It is important to decide your next step.
( 18
min )
Online banking and apps, despite ominous predictions to the contrary, have not killed off your local bank and that's why JPMorgan's betting on expanding its branch footprint.
( 17
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Adjustable-rate mortgages can save borrowers money, but you can't go into one blind. In order to benefit from an ARM, you have to understand how it works.
( 23
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Second-biggest U.S. EV maker announced deals that not only will supply enough lithium for millions of batteries, but also qualify for $7,500 in tax credits.
( 18
min )
Singapore Airlines, Sun Country Airlines, and Copa Holdings lead industry in revenue growth
( 20
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Venmo said its new Venmo Teen Account, a service that allows parents to open financial accounts for their teen children aged 13 through 17, will be available starting in June.
( 17
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With Apple topping the list, these are the 10 biggest technology companies by 12-month trailing revenue.
( 21
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PDC Energy shares (PDCE) are jumping after Chevron (CVX) announced an agreement to buy the energy exploration and production company for $6.3 billion.
( 16
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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.
( 22
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Large investors, who were buying homes and pricing out home buyers, are no longer investing in the housing market at a frenetic pace. Here's why and what it means for homebuyers.
( 17
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The European Union’s (EU) $1.3 billion fine against Facebook on Monday was the third-largest ever against a U.S. tech giant, and the latest in a series of fines meant to rein in big tech.
( 19
min )
Mortgage rates on 30-year and 15-year loans continued to rise, both now even further above their highest level in more than two months. Refinance rates were mixed.
( 19
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This week’s cryptocurrencies to keep an eye on are Render Token (RNDR), Synthetix (SNX), Mask Network (MASK), Injective (INJ), and XRP (XRP).
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Learn the stories behind the five largest institutional shareholders of British Petroleum stock, who are all investment management firms.
( 21
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The new law assesses $10,000 fines on app stores that distribute TikTok to Montanans, but how can the state enforce it?
( 18
min )
The Food and Agriculture Organization (FAO) is a United Nations agency that works on international efforts to defeat hunger by developing agriculture.
( 19
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Jeff Kleintop, Chief Global Investment Strategist for Charles Schwab, rejoins The Express to share his favorite economic and market indicators, what to watch out for in the debt ceiling showdown, and how to pick stocks around the world in today's bewildering environment.
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Currencies trade on the foreign exchange market in which trading is always occurring somewhere around the world. Learn how a closing price is assessed.
( 18
min )
A registered investment advisor (RIA) professionally manages investment portfolios and advises on investment strategies. Learn more about RIAs and whether you need one.
( 27
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Anheuser-Busch, Ambev, and Tsingtao Brewery lead the industry in revenue growth.
( 19
min )
To become a registered investment advisor requires specific licensing, qualifications and regulations, but the greater freedom may be worth it.
( 26
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Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.
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Service members face challenging circumstances when deciding whether to buy—or how to go about selling—once they have a new post.
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min )
Kenneth I. Chenault is a former chair and CEO of American Express
( 21
min )
The cost of owning a second home can be reduced through tax deductions on mortgage interest, property taxes, and rental expenses, among others.
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Disposable income is the amount of money that a person or household has to spend or save after income taxes are deducted.
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Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.
( 23
min )
The risk-free rate of return is the theoretical rate of return of an investment with zero risk. Learn how it works and what it means for investors.
( 25
min )
Vanguard mutual funds and exchange-traded funds (ETFs) can be bought through other brokerages, but some advantages may be lost and some fees incurred.
( 19
min )
TikTok heeft maandag een rechtszaak aangespannen tegen de Amerikaanse staat Montana, omdat daar vorige week een wet is aangenomen die het sociale medium verbiedt.
( 3
min )
175.000 mensen begonnen in 2022 met een baan in zorg en welzijn. Dat is het grootste aantal sinds eind 2010. Toch kampt de sector nog altijd met enorme personeelstekorten.
( 3
min )
De monniken van de Sint-Sixtusabdij in het Vlaamse Westvleteren gaan binnenkort hun bier verkopen bij Nederlandse slijterijen. Omdat het gelijknamige trappistenbier nu voor hoge prijzen wordt verkocht op de zwarte markt, gaan de monniken het op de legale manier in Nederland verkopen.
( 3
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De monniken van de Sint-Sixtusabdij in het Vlaamse Westvleteren gaan binnenkort hun bier verkopen bij Nederlandse slijterijen. Omdat het gelijknamige trappistenbier nu voor hoge prijzen wordt verkocht op de zwarte markt, gaan de monniken het op de legale manier in Nederland verkopen.
( 3
min )
De omstandigheden voor de woningbouw zijn slecht, schrijft minister Hugo de Jonge (Volkshuisvesting) maandag in een brief aan de Tweede Kamer. Hoewel er vorig jaar meer woningen bij zijn gekomen dan De Jonge had verwacht, voorziet hij met name voor 2024 een "forse dip" in de woningproductie.
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Prijzen voor koophuizen dalen al enige tijd en de vorige maand was daar geen uitzondering op, bleek maandag. Daarmee zijn de extreme stijgingen van de afgelopen jaren nog lang niet gecompenseerd, maar het toont volgens deskundigen wel aan dat de gekte langzaam uit de markt verdwijnt.
( 5
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Facebook-moederbedrijf Meta kreeg maandag een boete van 1,2 miljard euro opgelegd. Dat is de hoogste privacyboete ooit in Europa, maar lang niet de enige. Sinds 2018 zijn er tientallen techbedrijven voor honderden miljoenen euro's berispt vanwege dergelijke overtredingen.
( 5
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Schiphol telde ook in april een miljoen reizigers minder dan voor de coronapandemie. Er kwamen 5,1 miljoen passagiers voorbij. De luchthaven ziet het aantal passagiers wel toenemen in vergelijking met een jaar eerder.
( 3
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Privacyorganisaties zijn blij met de Europese megaboete van 1,2 miljard euro voor Facebook-moederbedrijf Meta. Internetbedrijven zijn bezorgd en vragen zich af of zij nog gegevens van Europeanen mogen verwerken.
( 4
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De Nederlandse Voedsel- en Warenautoriteit (NVWA) heeft in de eerste helft van vorig jaar 5.700 tekortkomingen geconstateerd in grote Nederlandse slachthuizen. De toezichthouder vindt dat de bedrijven nu echt werk moeten maken van dierenwelzijn. Maar de vleessector herkent zich niet in het beeld.
( 4
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Europese privacytoezichthouders hebben Meta een boete van 1,2 miljard euro opgelegd. Het moederbedrijf van Facebook krijgt die boete omdat het data van Europese gebruikers heeft doorgestuurd naar de Verenigde Staten.
( 3
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Ryanair gaat de ticketprijzen omhoogschroeven nu de vraag naar vliegreizen aantrekt. Wie onder de duurdere ticketprijzen uit wil komen, moet volgens topman Michael O'Leary vroeg boeken.
( 3
min )
Marjan van Loon, die afgelopen maand afzwaaide als president-directeur van Shell Nederland, gaat niet meer fulltime betaald aan de slag.
( 3
min )
Het consumentenvertrouwen is na zes maanden groei iets gedaald. Consumenten zijn vooral negatiever over de economie in de aankomende twaalf maanden. De koopbereidheid is in mei wel wat toegenomen.
( 3
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De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Gemiddeld betaalden kopers 4,4 procent minder dan een jaar eerder, blijkt uit cijfers van het CBS en het Kadaster.
( 3
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De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Gemiddeld betaalden kopers 4,4 procent minder dan een jaar eerder, blijkt uit cijfers van het CBS en het Kadaster.
( 3
min )
Vanuit de supermarkt via je smartphone een kijkje nemen in de koelkast of er nog bakboter is. Of onderweg naar huis alvast de oven laten voorverwarmen. In steeds meer Nederlandse keukens is slimme keukenapparatuur te vinden. Dat lijkt handig, maar is het niet altijd.
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Investors are constantly looking for ways to generate big returns, after all that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are corporate officers responsible for their respective companies’ performance and have access to information
( 42
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(Bloomberg) -- Things may get even worse for Japanese currency bulls after the yen touched its lowest level against the greenback this year and traders get closer to erasing their bets on a central bank policy tweak. Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighMexico Raises Alert Level on Volcano Rumbling Near CapitalTraders Brace for Volatility With US Debt Deal Still ElusiveThe yen closed at 137.98
( 39
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Ford Motors host its 2023 “Capital Markets Day” its calling “Delivering Ford+.” Investors can tune in starting at 8 a.m. Eastern time.
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It was another busy week in the transportation world and no surprise, Tesla was one of the headliners. The company held its annual shareholder meeting and as per ushe, CEO Elon Musk shared tidbits and musings about the company. Speaking of Musk, he lost another bid to end a 2018 settlement with the U.S. Securities and Exchange Commission that requires oversight of some of his Tesla-related tweets.
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Earnings reports from Zoom Video, Lowe’s, Snowflake, Best Buy, Costco, and Ulta. Plus, minutes from the Federal Reserve’s May meeting and core PCE inflation data.
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This property market is easy to access and provides profitable opportunities.
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An advisers suggests how he can shore up his finances and set aside money for his four children.
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IRS raised health savings account contribution limits for 2024 by a record amount. This may be a big deal for those who hate paying taxes. Here's why.
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Morgan Stanley CEO's departure severs more banking ties to the global financial crisis; only a handful of CEOs at large U.S. banks during the 2008-09 financial crisis remain in place.
( 18
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A team of tech analysts have quit en masse at a City investment bank in the latest sign of turbulence.
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Guizhou province has jaw-dropping landscapes and some of the world’s highest bridges—and outstanding debt of about 1.3 times its gross domestic product.
( 27
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Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting.
( 26
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Britain's tax system is riddled with "perverse" incentives and punishing levies that must be reformed to make work pay, the head of a powerful parliamentary committee has warned.
( 41
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(Bloomberg) -- Investors are girding for spikes in currency volatility and losses in equities should US lawmakers struggle to clinch a debt-limit deal this week.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstZelenskiy Signals Bakhmut Falling, Russian Casualties HighTalks between politicians to end the deadlock hit another bump over the weekend with House Speaker Kevin McCarthy accusing White Hou
( 38
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AI – artificial intelligence – has been stirring up the tech pot in recent times. With the release of ChatGPT, and the explosion of AI-powered natural language into the realm of online search, content creation, and even picture editing, it’s become clear that AI is the next frontier of the tech space. A sudden boom of this sort will always bring opportunities with it. New jobs and new products, of course – but also renewed opportunities in the stock market. Companies related to AI, either direct
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Building an emergency fund is essential so you don't run into financial trouble if you lose your job or unexpected expense crops up. But keeping your emergency fund in a traditional savings account may not be the best solution. To … Continue reading → The post How to Use a Roth IRA as an Emergency Fund appeared first on SmartAsset Blog.
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Withdrawing money the right way matters. We often talk about how to save for retirement. That is, after all, essential business for everyone during their working life. Whether you follow the 60/40 strategy, put your money into real estate or … Continue reading → The post Four Retirement Withdrawal Strategies appeared first on SmartAsset Blog.
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There are a few options when you need a secure way of paying for something. Sure, cash is king, but not everyone feels safe carrying a thick wad around. Cashier's checks and money orders are two of the more secure … Continue reading → The post Cashier's Check vs. Money Order appeared first on SmartAsset Blog.
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Multi-asset strategies are styles of investment that provide for including a variety of different financial assets such as stocks, bonds and cash in a portfolio. Multi-asset strategies can provide greater diversification and less downside risk while also adding income and … Continue reading → The post What Are Multi-Asset Strategies? appeared first on SmartAsset Blog.
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You can't buy a life insurance policy for just anyone. Before an insurance company approves your request to take out life insurance on anyone other than yourself, you must obtain the consent of the proposed insured. You also have to … Continue reading → The post Can You Take Out Life Insurance on Anyone? appeared first on SmartAsset Blog.
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Many people choose the wrong plan simply because it all seems too complicated to understand.
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Electric vehicle makers BYD, Lucid, and Fisker lead the industry in revenue growth.
( 22
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Damola Adamolekun says he doesn’t need work-life balance.
( 39
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(Bloomberg) -- Investors are planning to ramp up bets in emerging markets, according to the latest Markets Live Pulse survey — a sign the asset class is becoming a favorite for those wary of a US recession. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutSome 61% of the 234 money managers, analysts and traders surveyed said they expect
( 39
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Interest rates will soar. The stock and bond markets will crash. And the global financial system will be plunged into turmoil as investors flee to any safe asset they can find.
( 39
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The California Public Employees' Retirement System, known as Calpers, cut positions in Apple and Intel stock, and sold shares of Chinese electric-vehicle makers NIO and Li Auto.
( 22
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The oil giant quietly laid plans earlier this year for potentially producing the mineral in Arkansas.
( 27
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Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family.
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Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family.
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Many are pulling cash from stock funds and seeking safety in Treasurys that don’t mature for several years.
( 27
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Flynn Restaurant Group harnesses internal and competitor data to take a surgical approach to selling fast food and sit-down meals.
( 21
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(Bloomberg) -- Behind the facade of Europe’s forecast-beating company earnings, cracks are appearing as exporters start to feel the pinch from regional exchange rate strength against the dollar.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy Meets With India’s Modi on Sidelines of G-7 SummitThe euro, Swiss franc and sterling a
( 40
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When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. Della Valle, an Italian who joined Vodafone in 1994 and had been its chief financial officer since 2018, vowed on Tuesday to cut 11,000 of 90,000 jobs and speed up the delivery of new offers by giving local country bosses greater autonomy.
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Rishi Sunak is imposing the biggest tax rise the UK has seen since the 1970s. The Government’s decision to freeze personal tax thresholds for the next five years will drag millions of middle-income earners into the 40pc tax bracket.
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The loan-to-value (LTV) ratio is a lending risk assessment ratio that financial institutions and other lenders examine before approving a mortgage.
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Understand the difference between business intelligence and competitive intelligence. Learn why both are important for the success of a company.
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The Solow residual is a measure of an economy's productivity growth. It is also referred to as total factor productivity (TFP).
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Wrap-up insurance is an all-encompassing liability insurance policy that protects all contractors and subcontractors working on a large project.
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Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.
( 23
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Net premium, in the insurance industry, is calculated as the expected present value (PV) of a policy’s benefits minus the expected PV of future premiums.
( 20
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Probable Maximum Loss (PML) is the maximum loss that an insurer would be expected to incur on a policy. It's a standard calculation in underwriting.
( 20
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This property market is easy to access and provides profitable opportunities.
( 22
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If you're in the market for a home, it helps to know what lenders look for so you can adjust your finances accordingly. Here are six tips.
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Flood insurance is required by some mortgage lenders if the property is in a federally designated high-risk flood zone.
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Conventional mortgages are more in line with the needs of the average homebuyer. Jumbo mortgages are for properties with steep price tags.
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Morgan Stanley CEO's departure severs more banking ties to the global financial crisis; only a handful of CEOs at large U.S. banks during the 2008-09 financial crisis remain in place.
( 17
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When choosing between 15-year and 30-year mortgages, remember that longer terms usually mean smaller payments, but higher overall interest costs. Learn more.
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A down payment is a sum of money, usually a percentage of the cost the buyer pays at the outset of a purchase of a home or car.
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Attestation in law is the act of authenticating a formal document by witnessing it being signed and then also signing it to verify its legitimacy.
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A business owner policy (BOP) combines protection from all major property and liability risks into one package. They typically contain business interruption insurance, property insurance, and liability protection.
( 20
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Electric vehicle makers BYD, Lucid, and Fisker lead the industry in revenue growth.
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An assumable mortgage is a type of financing arrangement in which an outstanding mortgage can be transferred from the current owner to a buyer.
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A zero cost collar is an options strategy used to lock in a gain by buying an out-of-the-money (OTM) put and selling a same-priced OTM call.
( 20
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We hebben al anderhalf jaar te maken met een torenhoge inflatie. Dat is onder meer terug te zien aan onze energierekening en boodschappen. Critici denken dat bedrijven misbruik maken van de situatie en de prijzen extra verhogen voor eigen gewin: de zogenoemde graaiflatie. Deskundigen twijfelen daarover.
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min )
Honderden vluchten van Transavia zijn al geannuleerd en mogelijk volgen er meer. De Consumentenbond adviseert daarom om voor een pakketreis te kiezen. "Kies voor zoveel mogelijk bescherming."
( 5
min )
We hebben al anderhalf jaar te maken met een torenhoge inflatie. Dat is onder meer terug te zien aan onze energierekening en boodschappen. Critici denken dat bedrijven misbruik maken van de situatie en de prijzen extra verhogen voor eigen gewin: de zogenoemde graaiflatie. Deskundigen twijfelen daarover.
( 5
min )
'How America Works' host Mike Rowe unpacks how A.I. developments could impact jobs and offers a message to workers in light of white-collar recession fears.
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US home prices fell nearly 2% year-over-year in April, according to the National Association of Realtors.
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You've made it to the end of the week -- congrats, by the way -- and to Week in Review (WiR), TechCrunch's regular newsletter covering the week that was in tech. On May 24, TechCrunch Live, TC's podcast about founder stories, will host Romi Gubes, the co-founder of Sensi.AI, in a discussion about how the company uses audio-based software to monitor patients and assist medical staff and family members with care. Meanwhile, TechCrunch City Spotlight will go virtual on June 7 with a focus on Atlanta, where speakers will present about building businesses in the exploding metro and startups will apply to participate in TC's famed Battlefield 200.
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(Bloomberg) -- Wall Street investors sitting on a pile of cash could start considering other opportunities, with the Federal Reserve possibly heading for a pause in interest-rate hikes, according to Tom Kennedy, chief investment strategist for global wealth management at J.P. Morgan. Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderTraders Br
( 41
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(Bloomberg) -- Corporate America is waking up to what higher interest rates really mean.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutCompanies across the credit spectrum are facing sharply higher financing costs after the Federal Reserve raised its benchmark rate for ten consecutive meetings, bringing it to a range of 5% to 5.25% ear
( 40
min )
(Bloomberg) -- Bond traders are losing faith that the Federal Reserve is done tightening monetary policy and will ride to the rescue with rate cuts this year. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy Meets With India’s Modi on Sidelines of G-7 SummitStock Market Keeps Rallying, Defying Doom ScenariosThe latest shift in
( 39
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(Bloomberg) -- Some bond-market bets are signaling that the inflation rate will fall close to the Federal Reserve’s 2% target in the next year. A growing number of Wall Street asset managers are saying that’s a pipe dream.Most Read from BloombergDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderStock Market Keeps Rallying, Defying Doom ScenariosMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownZelenskiy Meets W
( 40
min )
A financial adviser weighs in on when he can afford to stop teaching.
( 27
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Despite a short seller’s accusations that his company has inflated its asset prices, Carl Icahn’s effort to shake up Illumina’s board is still very much in the interest of shareholders.
( 26
min )
We would all like to save a bit more money. Whether you want a better safety net, need to pay off debt or are saving up for a big purchase, having extra cash on hand is a good thing. It's … Continue reading → The post How to Save $10,000 in a Year appeared first on SmartAsset Blog.
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Non-qualified annuities have some unusual tax advantages. With these contracts, you invest money using after-tax dollars. The money in the annuity then grows tax-free or technically tax-deferred, until the contract matures. At that point, called the "annuitization," you begin receiving … Continue reading → The post Non-Qualified Annuity Taxation: Guide appeared first on SmartAsset Blog.
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Ensuring the long-term financial stability of a loved one with special needs can be an exceptionally confusing process. Public programs like Medicaid and Supplemental Security Income (SSI) will provide for them and pay for their services for the rest of … Continue reading → The post Special Needs Trusts Vs. ABLE Accounts appeared first on SmartAsset Blog.
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While there may not be a more common or consequential financial question then "how much money do I need to retire?," there isn't a one-size-fits-all answer. One person's retirement income needs will be different from the next, depending on their … Continue reading → The post How Much Money Do You Need to Retire? appeared first on SmartAsset Blog.
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Purchasing an annuity can provide you with an additional stream of income for retirement. One thing you'll have to decide is to annuitize payments or opt for lifetime withdrawals. Whether it makes sense to opt for annuitization vs. withdrawal can … Continue reading → The post Annuitization vs. Lifetime Withdrawals for Annuities appeared first on SmartAsset Blog.
( 40
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(Bloomberg) -- Money managers that trade derivatives linked to oil and fuel prices are about as bearish as they’ve been in more than a decade, suggesting they’re braced for a recession that could cause contracts from crude to jet fuel to take another tumble.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutStock Market Keeps Rallying, Defying Doom ScenariosZelenskiy Meets With India’s Modi on Sidel
( 40
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Copper prices have slumped to a five-month low, also reflecting the resolution of supply disruptions and some traders stepping up bearish bets against the metal.
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There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?
( 41
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Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?
( 40
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Simon Mitchell’s office in Union Square, New York City has had an eerily empty feel since the Covid pandemic. With four in five desks unused in a space with capacity for 300, the marketing manager only goes in when he feels like he might have some company.
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Steady investments for an unsteady market
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Economists assess the damage that could occur in three scenarios ranging from a last-minute deal to a lengthy impasse.
( 27
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Some brands are getting heavier on inventory than others as shoppers’ concerns about rising interest rates put a dent in demand.
( 27
min )
The Goldman Sachs CEO sees more challenges for small and midsize institutions as the cost of banking continues to climb.
( 22
min )
(Bloomberg) -- Some of the world’s most famed investors and the biggest Wall Street banks are voicing a near consensus that Japan’s stock market is the place to be as its larger peers — the US and China — grapple with rising economic headwinds.Most Read from BloombergDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesStock Market Keeps Rallying, Defying
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India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The decision is reminiscent of a shock move in 2016 when the Narenda Modi-led government had withdrawn 86% of the economy's currency in circulation overnight.
( 38
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"We've got to get movement by the White House and we don't have any movement yet," House Speaker Kevin McCarthy said about the stalled debt talks.
( 38
min )
College graduates continue to command higher wages, but to combat falling enrollment, schools need to emphasize skills over credentials.
( 25
min )
The deposit crisis that toppled First Republic and two other banks has only made JPMorgan stronger.
( 23
min )
FHA loans and conventional loans are both types of mortgages—but an FHA loan is intended for borrowers with lower credit scores and income.
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Triangular arbitrage involves the exchange of a currency in a series of three currency pairs over a short amount of time for a profit.
( 20
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Reciprocal insurance exchanges are where individuals and businesses exchange insurance contracts to spread the risk among themselves.
( 22
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When it comes to investing, ratios can help make you a more informed investor when they're properly understood and applied. There are 6 basic financial ratios.
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iShares, Vanguard ETFs, and spiders each represent different exchange-traded fund (ETF) families. Learn more about these ETF families and their differences.
( 19
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No-appraisal refinancing means that a lender does not require an independent assessment of a home’s value to extend a new mortgage.
( 21
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U.S. stocks have advanced in recent weeks despite substantially lower buying activity from retail investors.
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Ginnie Mae is a federal government corporation that links the United States housing market to capital markets, providing low-cost financing for federal housing programs.
( 21
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This little member of your family will be a big expense. Find out what you need to budget for and how to save.
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An insurance risk class has similar characteristics, which are used to determine the risks of underwriting a policy and the premium that should be charged.
( 22
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Hair care, homeware brand and even a custom popcorn flavor are among her brands
( 20
min )
Bath & Body Works (BBWI) shares rise to two-month high after posting better-than-expected earnings and raising guidance for the year.
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min )
OpenAI's new ChatGPT app for Apple's iOS will allow users to use the chatbot "on the go," give it voice commands and receive ad-free recommendations.
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A company's balance sheet should be interpreted when considering an investment as it reflects their assets and liabilities at a certain point in time.
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RIAs that operate their own small businesses may have HR departments with different experience than corporations, and may be more likely to make mistakes.
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The number of unmarried couples is on the rise, but they may not have similar benefits to married couples unless they have a common-law marriage.
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Klanten van supermarkten namen vorig jaar vaker iets mee zonder te betalen dan in 2021. Supermarkten liepen daardoor gemiddeld 66.300 euro per winkel mis. In 2021 lag dat bedrag ongeveer 20.000 euro lager, blijkt uit onderzoek van retailspecialist Marshoek waar NOS over schrijft.
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Adidas begint eind mei met de verkoop van de spullen die voortkwamen uit de samenwerking met Kanye West. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper, die inmiddels door het leven gaat als Ye. Volgens het sportmerk gaat "een aanzienlijk deel" van de opbrengsten naar het goede doel.
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Jonge influencers zijn belangrijk voor cosmeticamerken. Als een mascara of huidcrème viral gaat, is de kans groot dat het een goedlopend product wordt. Toch probeert de Nederlandse Cosmetica Vereniging deze reclames te beteugelen: "Merken realiseren zich niet wat de gevolgen zijn voor het zelfbeeld van jongeren."
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Apple and its compatriots have returned an average of 50% in 2023, accounting for roughly 80% of the S&P 500’s 8% gain.
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There’s a bear market in worry on Wall Street—about higher rates, a debt-ceiling debacle, and more. When sentiment is this bearish, gains often follow.
( 22
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Over the past few years, Berkshire Hathaway has engaged in more rapid trading in its $350 billion portfolio. Some plays are made by Warren Buffett’s lieutenants.
( 23
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The legendary activist, whose own company is under attack, has launched a proxy contest for three seats on the gene-sequencing giant’s board, which is mired in a messy acquisition. The stakes are high for both.
( 23
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Analysts weigh in on Western Alliance, YETI Holdings, Expedia Group, MercadoLibre, and Nvidia
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It was a bumpy ride, as is usually the case with Tesla stock, but shares are up more than $11 since Musk announced he found a CEO for Twitter.
( 22
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Recent data point to consumer strength and even a pickup in housing. That leaves the Federal Reserve room to raise interest rates again in June.
( 22
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Daniel Loeb's Third Point told its hedge-fund clients Friday that investors exiting its funds would be paid out with a mix of cash and the equivalent of an IOU for about 9% of their money, according to a letter viewed by The Wall Street Journal.
The new redemption policy highlights the frozen state
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A federal judge in Massachusetts struck down a partnership between JetBlue and American Airlines to coordinate routes and schedules in the Northeast US, which had effectively combined the Boston and New York operations of the two carriers. Citing antitrust grounds, the judge ruled that the deal was a “naked agreement not to compete.”
( 39
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Seven major companies whose stocks moved on the week’s news.
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(Bloomberg) -- Yields on US Treasury bills that mature in early June have resumed climbing as the federal government’s coffers dwindle to the lowest level in almost a year-and-a-half, increasing pressure on lawmakers to strike a deal to raise the debt limit as negotiations show signs of faltering on Capitol Hill.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimis
( 39
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The country's largest advocacy group for LGBTQ+ rights has suspended its benchmark equality and inclusion rating for Anheuser-Busch, citing the beer company's handling of the hate-filled and transphobic backlash to its partnership with transgender influencer Dylan Mulvaney last month. The Human Rights Campaign informed the Bud Light maker that it suspended the company's 2022 Corporate Equality Index score — a tool that measures corporate policies, practices and benefits related to the well-being of lesbian, gay, bisexual, transgender and queer employees — on May 9, according to a letter shared with the The Associated Press on Friday. The suspension of Anheuser-Busch’s CEI score means that the company “no longer has the right to use the ‘Best Places to Work’ distinction,” HRC’s letter says.
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(Bloomberg) -- VMware Inc. has agreed to extend the deadline for its takeover by Broadcom Inc. as the $61 billion deal faces regulatory scrutiny. Most Read from BloombergMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesMorgan Stanley CEO Gorman to Step Down Within 12 MonthsWall Street Fears $1 Trillion Aftershock From Debt DealNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedThe companies are now a
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The Jack-Mallers led Lightning app says it can now support nearly 3 billion people globally.
( 39
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If AI is going to change the world, investors will have lots of ways to play the theme. Here are ideas that go beyond Nvidia, Microsoft, and Alphabet.
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Investors in Asia seem to be betting bigger on American A.I. than China's.
( 39
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Shares of Foot Locker tumbled Friday after the retailer missed Wall Street expectations in its latest quarterly report and slashed its outlook for the full year.
The stock closed down 27%.
Foot Locker [posted adjusted earnings](https://www.wsj.com/articles/foot-locker-fl-q1-earnings-report-2023-8f
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Most of 2022 was bad for real estate investment trusts (REITs), particularly the hotel REIT subsector, as inflation, Federal Reserve rate hikes, hurricanes, airline delays and the threat of a recession provided headwinds for the group. Several hotel REITs lost as much as 40% to 50% of their value throughout the year. But some hotel REITs have bounced back in 2023 as the hospitality industry saw an uptick in business and personal travel. Many hotel REITs announced first-quarter operating results
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Three stocks have had stellar performances over the last 12 months in their respective indexes, according to Dow Jones Market Data as of Friday afternoon.
The best performer in the Dow Jones Industrial Average is aerospace giant Boeing (BA), which has gained 70% over the last 12 months.
The best p
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Homebuilder shares have been some of the top-performing stocks of the past year. Five big builders—including D.R. Horton, Lennar and PulteGroup—are trading near record highs, even with Friday's rare declines.
This is probably not what investors expected when the Federal Reserve began raising intere
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Heightened interest rates have cast a shadow of doubt over stock market optimism, intensifying concerns of a looming economic downturn. Many experts have called for a recession. But billionaire hedge fund manager and New York Mets owner Steve Cohen is taking a bullish stance. “I’m making a prognostication — we’re going up,” he said at a private conference, according to Bloomberg. Cohen knows a thing or two about navigating the markets and rising to the top. After all, the hedge fund manager’s ca
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A disappointing quarterly report hammered Tyson stock. CEO Donnie King led a group of executives in scooping up shares.
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"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
( 39
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Small-caps may be poised for another lackluster year, but according to Luke Barrs, asset manager and global head of client portfolio management for the investment bank Goldman Sachs, there are compelling factors that make them an attractive investment choice. Acknowledging the risks and poor sentiment that characterize the current market, Barrs goes on to say, “There are many parts of the small-cap space that are being penalized due to the macro concerns of the past couple of years.” He further
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A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'
( 40
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The controversy over Bud Light’s transgender promotion obscures Anheuser-Busch InBev’s push to boost global sales and revenue growth
( 22
min )
Household energy bills are expected to fall by an average £500 from July in a sign that Vladimir Putin's attempt to "weaponise" Russia's gas supplies have failed.
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Shares of U.S. regional lenders fell on Friday after CNN reported that U.S. Treasury Secretary Janet Yellen told bank chief executives that more mergers may be necessary following a series of bank failures. Yellen also reaffirmed the strength and soundness of the country's banking system at the meeting with bank CEOs on Thursday in the aftermath of the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank. The KBW Regional Banking Index fell 3%, with shares of PacWest Bancorp and Western Alliance among the biggest losers as they shed 4% each.
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The catalyst for the market’s upturn is a set of fiscal rules by Brazil’s president to fix recurring budget deficits. Investors were pleased.
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Treasury Secretary Janet Yellen told bank chief executives that more bank mergers may be necessary, according to a report from CNN.
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GE announced that CFO Carolina Dybeck Happe will leave and Rahul Ghai will take over. Given what's coming, it makes a lot of sense.
( 22
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Apple makes up about 8% of the S&P 500's market cap, while Nvidia and other AI-focused companies make up around 15%.
( 26
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Hiring for the office set is slowing down and employers are getting picky again
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The new CEO has laid out a sensible strategy, but progress is difficult to see in such a challenging economic environment.
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Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. The S&P 500's 9% rally this year has been driven by a handful of the index's biggest stocks, a number of which are at the center of the AI frenzy that has spread in the wake of the chatbot sensation ChatGPT. Five stocks - Microsoft, Google parent Alphabet, Nvidia, Apple and Meta Platforms - are responsible for the S&P 500's entire year-to-date return, said Jessica Rabe, co-founder of DataTrek Research.
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Joe Biden cut short a dinner with Rishi Sunak and other world leaders on Friday as crunch talks over raising America's debt ceiling continued.
( 38
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(Bloomberg) -- Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month and said that tighter credit conditions could mean the policy peak will be lower.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealMorgan Stanley CEO Gorman to Step Down Within 12 MonthsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedUkraine Leader Zelenskiy to Visit
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Stocks were dropping sharply Friday amid disappointing news about debt ceiling discussions.
The Dow Jones Industrial Average shed 134 points, or 0.4%, the S&P 500 lost 0.3%, and the Nasdaq Composite fell 0.4%.
Negotiators broke off talks on the debt ceiling Friday morning, The Wall Street Journal
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Catalent reduces fiscal 2023 revenue guidance but says its customer supply situation remains 'healthy' and that it continues to 'win significant new business.'
( 22
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The iPhone maker is expanding its virtual wallet to take on many of the functions performed by fintechs, like paying bills, issuing credit cards, or offering buy-now-pay-later service.
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min )
Prominent activist investor Carl Icahn has acknowledged his error in placing a substantial bet on a market crash, ultimately resulting in his group suffering losses of nearly $9 billion over six years. The net asset value of Icahn Enterprises LP (NASDAQ: IEP) decreased from $7.9 billion in 2017 to $5.6 billion this month, posing a potential issue for Icahn, as he traditionally opted for an annual dividend of $8 per share in stock rather than cash. Consequently, the number of outstanding shares m
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My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
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(Bloomberg) -- This year’s searing Big Tech rally is showing signs of overheating, with at least one technical measure suggesting a pullback might be right around the corner. Most Read from BloombergDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownStock Market Keeps Rallying, Defying Doom ScenariosDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesMorgan Stanley CEO Gorman to Step Down Within 12 Month
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The fashion retailer's sales of $556.4 million exceeded expectations of $513.2 million and grew 8.1% from a year earlier.
( 22
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Chinese EV maker NIO Inc (NYSE: NIO) has invested in a startup firm developing fusion technologies. It endorses battery swapping as a quicker solution for powering up EVs and an energy storage facility to improve grid stability. In two decades, the newly established company, Neo Fusion, will research and develop technologies to commercialize controlled fusion globally, Reuters cites familiar sources. Neo Fusion is 50% controlled by China's eastern province of Anhui government-owned energy compan
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Every investor seeks to reap the rewards of their stocks; otherwise, they wouldn’t be involved in the markets. However, discovering the ideal investment, one that will yield profits, can prove to be a challenge, particularly in today’s market environment. To ensure solid returns, investors can follow two straightforward strategies. The first is to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the growth
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A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid … Continue reading → The post How a Medicaid Trust Protects Your Assets appeared first on SmartAsset Blog.
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Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading → The post Treasury Bills vs. Bonds: What's the Difference? appeared first on SmartAsset Blog.
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For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.
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Foot Locker also posts fiscal first-quarter earnings and sales that missed analysts' expectations.
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Carolina Dybeck Happe will step down as finance chief, and Rahul Ghai will become the CFO, effective Sept. 1.
( 40
min )
Deere's fiscal second-quarter earnings and sales beat Wall Street estimates, while Foot Locker slashes its fiscal-year outlook, sending the stock sharply lower.
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Friday morning, Deere reported earnings per share of $9.65 from about $16 billion in equipment sales. Wall Street was looking for earnings per share of $8.58 on equipment sales of $14.9 billion, according to FactSet.
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The entrepreneur is fine that some staff at his companies will "never" return to the office—in fact he wants to see more of it.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 23
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The Fed says it won't cut interest rates this year even if there's a recession because it wants to stamp out inflation. Markets aren't buying it.
( 42
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While President Joe Biden, House Speaker Kevin McCarthy, and other politicians in Washington strive to reach a deal to raise the US federal government’s $31.4 trillion debt ceiling, the US Treasury’s cash balance fell to $87 billion on Monday (May 15), the lowest it’s been since April 12.
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(Bloomberg) -- Bank of America Corp. strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the Federal Reserve’s rate hikes may not be over, with rising bond yields posing a risk.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Expos
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Alibaba’s shares fell after revenue missed forecasts; Tencent and Baidu saw more marked upturn.
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min )
Our energy roundtable predicts higher crude prices as global demand grows faster than supply. What’s ahead for U.S. shale, the majors, and the energy transition.
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The top 10 positions held in Berkshire Hathaway's portfolio make up a massive 90.2% of its $325 billion US stock portfolio.
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The Center for Fiduciary Studies offers the designations of AIF and AIFA, learn how they can help you and your clients enjoy a comfortable retirement.
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min )
Tech stocks Cisco Systems, Intel and IBM moved higher, but Nike dragged the Dow lower on shoe sale worries.
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min )
Catalent shares jumped after the contract drug maker said customer supplies are strong and it's getting "significant" new business.
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min )
U.S. equities declined on Friday, May 19, 2023 as GOP negotiators called for a pause in talks to raise the federal debt ceiling.
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min )
Foot Locker reported first quarter earnings and revenue that came short of analyst estimates and lowered its guidance.
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min )
Long positions in a stock portfolio refer to stocks that have been bought and are owned, whereas short positions are those that are owed, but not owned.
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A down payment is your first upfront expense when buying a home.
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Short covering is a strategy where somebody who has sold an asset short buys it back to close the position.
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Mortgage pre-approval is an examination of a home buyer's finances and lenders require five items to ensure borrowers will repay their loan.
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Financial advisors can stay abreast of financial trends and serve clients with these 10 state-of-the-art technological tools.
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Regulation Best Interest (BI) is an SEC rule that requires broker-dealers to recommend only products that are in their customers' best interests.
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Mortgage rates were up almost across all terms again, with 30-year rates rising to their highest level in more than two months, and 30-year mortgage refinance rates seeing a surge.
( 19
min )
Officials at the Federal Reserve are divided on whether to pause the central bank’s aggressive campaign of interest rate hikes, speeches this week showed.
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min )
A debit card lets you pay for purchases by deducting money from your checking account. Learn how debit cards work, about their fees, and pros and cons.
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min )
The pandemic gave a big boost to Americans’ bank accounts, and a lot of that money still hasn’t been spent despite the cost of living soaring in recent years.
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min )
Covered interest rate parity refers to a theoretical condition in which the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium.
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min )
Nominal value of a security, often referred to as face or par value, is its redemption price and is normally stated on the front of that security.
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min )
One of the world's richest people, Sam Zell made his fortune by investing in undervalued real estate and packaging properties in REITs.
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Voor het eerst is een Nederlander op de Amerikaanse sanctielijst voor Rusland gezet, meldt Follow the Money. Het gaat om Edwin Onno van Ingen. Volgens Washington werkt hij via zijn bedrijf Ronin Management B.V. samen met Russische laboratoria die gericht zijn op het ontwikkelen van kernwapens.
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Voorzitter John Allan van de Britse supermarktketen Tesco stapt op na beschuldigingen van seksueel grensoverschrijdend gedrag. Hij treedt volgende maand af tijdens de jaarlijkse aandeelhoudersvergadering.
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min )
Populaire Europese vakantielanden als Griekenland, Italië, Spanje en Portugal zien een enorme toestroom van toeristen dit jaar. Griekenland en Portugal breken zelfs records. Dat is gunstig voor de Zuid-Europese economieën, die sterk afhankelijk zijn van het toerisme.
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min )
Populaire Europese vakantielanden als Griekenland, Italië, Spanje en Portugal zien een enorme toestroom van toeristen dit jaar. Griekenland en Portugal breken zelfs records. Dat is gunstig voor de Zuid-Europese economieën, die sterk afhankelijk zijn van het toerisme.
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min )
De Europese Centrale Bank (ECB) gaat er alles aan doen om de inflatie in de eurozone terug te brengen tot 2 procent. Dat heeft ECB-president Christine Lagarde vrijdag gezegd.
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min )
De gasprijs zakt verder en verder. Die daling kan gunstig uitpakken voor onze energierekening.
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min )
Binnenvaartschepen mogen vanaf volgend jaar niet meer varend ontgassen in zes verschillende landen, waaronder Nederland. De giftige dampen die bij ontgassen vrijkomen zijn schadelijk voor mens en milieu. Het verbod komt er na aandringen van de binnenvaart, provincies en de Tweede Kamer.
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min )
Walt Disney gaat toch niet voor honderden miljoenen investeren in Florida. Het bedrijf wilde een campus bouwen voor tweeduizend werknemers, die naar de Amerikaanse staat zouden verhuizen. Maar een conflict met gouverneur Ron DeSantis gooit roet in het eten.
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min )
Vijf miljoen abonnees van Netflix maken gebruik van het abonnement mét reclame. Met dat goedkopere abonnement wil de streamingdienst voorkomen dat het aantal abonnees daalt.
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min )
Europa gaat het invoeren van Russische diamanten beperken. Rusland kan met de diamanten de oorlog in Oekraïne financieren. Eerdere pogingen om de diamanten te weren, stuitten op weerstand van België. Nu gaat de EU toch stappen nemen, zegt Charles Michel, voorzitter van de Europese Raad.
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min )
Walt Disney gaat toch niet voor honderden miljoenen investeren in Florida. Het bedrijf wilde een campus bouwen voor tweeduizend werknemers, die naar de Amerikaanse staat zouden verhuizen. Maar een conflict met gouverneur Ron DeSantis gooit roet in het eten.
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min )
De op kunstmatige intelligentie gebaseerde chatbot ChatGPT is in de Verenigde Staten uitgebracht als app voor de iPhone. Later volgt een versie voor Android-toestellen en wordt de app in andere landen uitgebracht.
( 3
min )
Hemelvaartsdag valt traditiegetrouw op een donderdag. Vaak moeten werknemers de dag na Hemelvaart verplicht vrij nemen, omdat het bedrijf die dag de deuren gesloten houdt. Veel mensen zijn blij met zo'n lang weekend, maar wat als je juist wel naar kantoor wilt?
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min )
Berkshire Hathaway bought about $200 million of Occidental stock in recent days, bringing its stake to $12.7 billion
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min )
The telecommunications company is broadening its network of fiber-optic cables amid a slowdown in mobile growth.
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Shares in chip design software company Synopsys shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Nvidia shares were up 5.0%, while the Philadelphia semiconductor index gained 3.2%. Micron's shares climbed 4.1% after announcing it would invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology in Japan in the next few years with Japanese government support.
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Workers must "actively fight back" against efforts by companies to force them back to the office after the pandemic ushered in an era of home working, a Microsoft executive has said.
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Vintage sci-fi series The Twilight Zone told unsettling stories in which ordinary folks found themselves in outré situations and encountering exceptional circumstances. For Larry Adam, chief investment officer at Raymond James, given the “rapidly changing twists and turns we’ve seen in the global economy and the financial markets over the last few years,” it sometimes feels as if we have stepped into a modern-day iteration of the Twilight Zone. However, for those spooked by what does seem like a
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(Bloomberg) -- Applied Materials Inc., the biggest maker of semiconductor-making machinery, expects sales to decline in the current quarter, though not as sharply as analysts had feared.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies at 81Supreme Court Leaves Intact Social Media Liab
( 39
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The alleged drunk driver who police say slammed into newlyweds riding along a South Carolina beach road now faces a wrongful death lawsuit alongside several establishments accused of overserving her on the night of the crash, which killed the bride. Four bars gave “copious amounts of alcohol” to a “visibly intoxicated” woman, identified as Jamie Lee Komoroski, last month before she drove 40 miles over the speed limit into a golf cart carrying the couple away from their wedding reception, according to a new lawsuit filed May 17. The April 28 wreck killed Samantha Miller, 34, and injured the groom, Aric Hutchinson, and two other passengers.
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Revenue came in at $6.63 billion for the quarter, above analysts’ expectations of $6.39 billion.
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The move comes as the entertainment company is cutting costs, reversing moves by its previous CEO and fighting with Florida.
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The new corporate strategy aims to deliver a “pivot to growth," the drugmaker said.
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(Bloomberg) -- US banks have been locked in a grueling battle for deposits they once took for granted. And one of the toughest combatants in the fight is the federal government.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedHere’s How Much Wealth You Need to Join the Richest
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Add up the market valuation of Apple Inc., all the cryptos in the world and entrepreneur Jeff Bezos’s fortune, and you get to over $3 trillion. But one 80-year-old man has created something bigger than all three of these combined. These days, he shuns the spotlight and lives on a modest farm in rural Pennsylvania. You would never guess the farm’s owner set in motion a $5 trillion force that grows each fortnight. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This
( 40
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Shares of Palantir jumped 13% on Thursday, on pace to close at a fresh 52-week high.
The move comes after innovation investor Cathie Wood's Ark Investment Management disclosed a large purchase of Palantir on Wednesday.
The firm said it bought more than 900,000 shares of Palantir for its flagship
( 25
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Charlie Javice, who has been accused of defrauding JPMorgan Chase & Co through her now-shuttered college financial aid company Frank, has been indicted over her relationship with the bank. A four-count indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy.
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This year did not start off great for many tech workers. After tens of thousands of layoffs in 2022, tech companies continued to shed workers in round after round of layoffs. Technology companies from Microsoft Corp. to Meta Platforms Inc. announced thousands of layoffs at the beginning of the year. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families A report from placement services firm Challenger, Gray & Christmas
( 41
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Nvidia (ticker: NVDA) stock was rising following two price target lifts from analysts who are upbeat about the development of artificial intelligence tools and the subsequent
( 25
min )
Palantir Technologies Inc (NYSE: PLTR) shares are shooting upwards Thursday after Cathie Wood's Ark Invest on Wednesday added 1.26 million shares to its kitty valued at $13 million. Thursday's session volume spiked to 84.4 million versus the 100-day average volume of 39.5 million. The data intelligence software firm posted upbeat quarterly numbers on May 8, reporting first-quarter sales of $525.19 million, up by 17.7% year-on-year, which beat the consensus estimate of $505.60 million. Palantir's
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Conservative commentators target the brewer for a spot hitting past depictions of women in beer marketing.
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A disruption of benefits would strain the budgets of many of the 66 million Americans who get Social Security.
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People with health savings accounts (HSAs) got some good news this week when the IRS rolled out the largest contribution limit increases in history. In 2024, an individual with self-only coverage can save up to $4,150 in an HSA, while a … Continue reading → The post You May Be Eligible to Save Over $10K in Your HSA After Largest-Ever Contribution Limit Increase appeared first on SmartAsset Blog.
( 40
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There's nothing cheap about developing, manufacturing, delivering and investing in the future of electric vehicles (EVs). Ford Motor Co. is finding this out the hard way — just the same as many other automakers — with the company's EV unit projected to lose about $3 billion in 2023. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Is It A Big Deal? A lot can be said for Ford's honesty with the public, its investo
( 40
min )
Known as 'the Grave Dancer,' Zell was an unlikely media baron when he purchased the Tribune Co.
( 45
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AT&T Inc (NYSE: T) is expanding its fiber-optic cable network to deliver fast internet speeds for customers, including those without broadband presence. AT&T has tapped BlackRock, Inc (NYSE: BLK) and eyes government funding to accelerate the build-out to fund the extravagant expansion worth $42.5 billion as its debt load outstrips its annual revenue, the Wall Street Journal reports. AT&T and BlackRock have collectively invested $1.5 billion in the Gigapower venture so far. AT&T will serve as the
( 39
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Billionaire real estate investor Sam Zell has died at the age of 81, his real estate investment trust Equity Residential said in a statement on Thursday.
( 38
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A lack of resources means battery electric vehicles (BEV) cannot be the auto sector's only answer to climate change, Toyota Motor Corp's top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow to embrace BEVs, saying it has lagged Tesla Inc and others amid growing global demand. The world's top automaker by sales has countered that BEVs are just one option and that gasoline-electric hybrids, such as its pioneering Prius, are a more realistic choice for some markets and drivers.
( 39
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Nobody likes to begin Monday morning hearing bad news, but that’s what happened this week to investors when Wolfe Research analyst Andrew Rosivach downgraded four real estate investment trusts (REITs) to kick off the new market week. Analysts carry a lot of weight, and when one or more downgrades a stock, it can cause shares to drop by several percentage points in just a few days. For example, on March 23, Barclays Investment Bank analyst Anthony Powell downgraded SL Green Realty Corp. (NYSE: SL
( 41
min )
Renewed hopes that big spinoffs will soon unlock substantial value for shareholders will probably provide a lift to the company’s stock in the near term.
( 25
min )
The chip maker is at the center of the AI feeding frenzy, which is making Wall Street bullish ahead of its earnings.
( 22
min )
Step, the digital banking service geared toward teens and young adults, is now offering a 5% rate on its savings accounts. There are no monthly fees and no minimum balance requirements on the Step accounts, and customers who open an FDIC-insured savings account with up to $250,000. “The direct deposit is to encourage people to utilize the full suite of Step products,” CJ MacDonald, co-founder and CEO of Step, told TechCrunch.
( 38
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The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. Many Fed watchers have expected the central bank's officials to forgo another increase in their benchmark rate when they next meet in mid-June. On Thursday, Lorie Logan, president of the Federal Reserve Bank of Dallas, said she believes that the economic data so far doesn't support a pause in the central bank's rate hikes next month.
( 40
min )
(Bloomberg) -- Alibaba Group Holding Ltd. will begin exploring initial public offerings for its logistics and grocery arms, kicking off a long-awaited breakup that may help reverse anemic growth at China’s cloud and online commerce leader.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antigua Is D
( 41
min )
Some people are destined to always be known for one significant act, and whenever the name Michael Burry comes up, it’s obligatory to mention the Big Short, the book, and subsequent movie that detailed Burry’s exploits during the 2008 financial crisis. Betting against the housing market, Burry foresaw its collapse and pocketed huge profits. With the global economy once again appearing fragile, in recent times, Burry, who runs hedge fund Scion Asset Management, has periodically waded with forecas
( 42
min )
EyePoint Pharmaceuticals Inc (NASDAQ: EYPT) has agreed to sell Yutiq (fluocinolone acetonide intravitreal implant) 0.18mg to Alimera Sciences Inc (NASDAQ: ALIM). Yutiq is a treatment for chronic non-infectious uveitis affecting the posterior segment of the eye. The FDA approved the treatment in October 2018. What Happened: Alimera will receive global rights to Yutiq outside of China, Hong Kong, Taiwan, Macau, and Southeast Asia, where Yutiq is exclusively licensed to Ocumension Therapeutics, and
( 39
min )
It is possible to retire comfortably at 45 if you have $1.5 million. However, it's not guaranteed to work. And whether it will for you depends on a number of variables, only some of which you can control. Having to … Continue reading → The post Can I Retire Comfortably With $1.5 Million at 45? appeared first on SmartAsset Blog.
( 40
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"I recognize that I’m extremely privileged, but I still feel mounting pressure when it comes to our finances," says Kelly, 29.
( 47
min )
Shares of the financial broker have dropped 35% over the past three months.
( 22
min )
The euro continues to drift lower on Thursday, as the US dollar is getting a bit of a reprieve. Whether or not this is a simple pullback or a change of direction remains to be seen.
( 39
min )
Bond pros say fixed income is poised to outperform equities this year.
( 22
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Chinese e-commerce giant Alibaba said it will soon start carving out its units via IPOs, pushing forward with a plan to unlock the value of its businesses.
Alibaba in March said it plans to [split itself into six independently run companies](https://www.wsj.com/articles/alibaba-to-split-into-six-se
( 20
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The retail giant reports adjusted fiscal first-quarter earnings of $1.47 a share on revenue of $152.3 billion.
( 22
min )
Sales from stores and digital channels operating for at least 12 months grew 7.4% in the quarter ended April 28.
( 25
min )
China's Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but still remains relatively muted amid a wobbly economic recovery. Earlier this year, Alibaba announced plans to restructure into six units, a move that follows a two-year regulatory crackdown on China's tech sector.
( 38
min )
China's Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. The 208.20 billion yuan ($30.12 billion) logged for the three months ended in March compares with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies last year, but even so remains relatively muted amid a wobbly economic recovery.
( 38
min )
↗️ PacWest (PACW) and Western Alliance (WAL): The regional banks jumped almost 7% and 5% respectively in early trading. That built on big rallies Wednesd
( 18
min )
Brokerage firm Charles Schwab Corp said on Thursday it was looking to raise up to $2.5 billion through a debt offering. The company will raise $1.2 billion through notes due 2029 and the rest via notes due 2034, it said. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.
( 38
min )
(Bloomberg) -- Micron Technology Inc. is poised to land about ¥200 billion ($1.5 billion) in financial incentives from the Japanese government to help it make next-generation memory chips in the country, according to people familiar with the matter, the latest step in Tokyo’s effort to bolster domestic semiconductor production.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost
( 41
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Slack water. The brief moment when the tide is neither ebbing nor flowing and there’s an eerie calm. That’s how the bond market feels at the moment. A change of direction is imminent but we’re not quite there yet. It feels like an opportunity.
( 40
min )
Walmart and Alibaba are scheduled to report quarterly earnings on Thursday, shares of Cisco tumble after orders fall at the networking giant, and Take-Two Interactive signals that a strong pipeline of videogame titles will drive growth.
( 23
min )
Bond pros say fixed income is poised to outperform equities this year.
( 22
min )
As Japan's stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a weak yen, the broad Topix index scaled peaks not seen since 1990 this week and the benchmark Nikkei, up more than 3% in four days, is near similar heights. Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market.
( 40
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Here is your Pro Recap of the biggest analyst cut you may have missed since yesterday: downgrades for Nu, Futu, Magellan Midstream, and Intercept Pharmaceuticals. Citi downgraded digital banking platform Nu (NYSE:NU) to Neutral from Buy and cut its price target to $6.10 from $7.00, as reported in real time on InvestingPro. Futu (NASDAQ:FUTU) shares fell around 2% pre-market today after the company received downgrades from JPMorgan and Morgan Stanley following the announcement that the company is removing its app from China’s onshore app stores.
( 39
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The U.S. chip maker’s deal with Tokyo comes at a time of rising tension between Washington and Beijing over chip technology.
( 25
min )
Icahn, who's also juggling an attack from a short seller and questions from prosecutors, is going after the CEO of the gene sequencing leader.
( 23
min )
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
( 56
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Learn about the balance of payments and how it helps countries to track how much money is coming in and going out.
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min )
Inflation and interest rates are linked, but the relationship isn’t always straightforward.
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min )
Financial accounting is the process of recording, summarizing, and reporting the myriad of a company’s transactions to provide an accurate picture of its financial position.
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min )
Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.
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min )
B Corp certification is given to companies that meet certain standards for social and environmental performance by the nonprofit organization B Lab.
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min )
To help you determine whether private real estate investments are right for you, we’ve highlighted some of the key benefits of these unique assets.
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With inflation on the rise, it's important to have the right investment strategy. Here’s why you should consider adding real estate to your portfolio.
( 16
min )
Tech stocks Intel, Cisco, Salesforce help lead Dow higher, while P&G dives on a rating cut.
( 16
min )
Investors are searching for ways to reduce the fluctuations in their portfolios and find ways to make their portfolios more resilient.
( 16
min )
As homebuying continues to grow in popularity, opportunities for real estate investing are also increasing—and many rely on a few key trends.
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min )
U.S. equities rose for a second straight day on May 18, 2023 amid optimism a deal may come soon to raise the government's debt ceiling.
( 16
min )
Home equity loans generally have higher interest rates but lower closing costs and fees than mortgages, so it pays to shop around.
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min )
The Conference Board's Leading Economic Index fell for the 13th consecutive month in April and pointed to a recession in 2023.
( 16
min )
Walmart's quarterly results beat analysts' forecasts, and the big retailer raised its guidance.
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Here are the top three things to keep in mind when considering investing in Fundrise's eREITs.
( 22
min )
While President Joe Biden’s controversial plan for broad student loan forgiveness has grabbed headlines, the administration has more quietly forgiven $66 billion for 2.2 million borrowers in specific situations.
( 18
min )
Without a proper plan and organization, making money in a business can be much harder than you think. Check out these nine tips to grow your business.
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Find out why these enticing options can spell trouble for your bottom line.
( 23
min )
Aclaris Therapeutics, Collegium Pharmaceutical, and Intra-Cellular Therapies lead the industry in quarterly revenue growth
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min )
Sales were down 23.2% from a year earlier.
( 17
min )
A secured credit card is a type of credit card that is backed by a cash deposit, which serves as collateral should you default on payments.
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min )
Take-Two Interactive (TTWO) is the best-performing stock in the S&P 500 as the video game publisher reported better-than-expected sales, and said it expects demand to soar in coming years.
( 16
min )
Rates for most mortgage types were flat to minimally up, though the 30-year averages inched up just enough to return to 7% territory for the first time in a month.
( 17
min )
Amazon.com Inc is expanding its operations in India, joining the list of tech companies betting big on one of the world's fastest-growing economies.
( 17
min )
A traveler’s check is a once-popular—but now largely outmoded—exchange medium used in place of currency, often by people traveling abroad.
( 23
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Despite the threat of pursuit by possibly the most feared organization in the U.S., millions of Americans fail to pay their taxes on time.
( 23
min )
Managing expectations, communication, and industry-wide complexity are some of the top challenges financial advisors face today.
( 23
min )
Learn how money market and savings accounts differ, and why a depositor may choose a money market account over a savings account.
( 22
min )
Charles Schwab will raise $2.5 billion via bond sales to fund corporate expenses and business growth as the brokerage giant deals with the fallout from recent banking turmoil.
( 16
min )
Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
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min )
Video conferencing company Zoom is expected to say sales grew slower than ever before in the first quarter of the year, as the company struggles to find its footing after the work-from-home boom.
( 17
min )
Retail banking refers to the bank division that deals directly with consumers, while corporate banking serves business customers. Learn more about the differences.
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min )
High-profile investors veered toward technology stocks and troubled banks in the first quarter while generally reducing exposure to energy and value-oriented stocks.
( 18
min )
The government has narrowly averted disaster in three previous debt ceiling standoffs, but this time may be tougher.
( 18
min )
De delen van Shell die zich richten op hernieuwbare energie, moeten meer geld opleveren, volgens bestuurders van het olie- en gasconcern. De minder succesvolle onderdelen willen ze afstoten.
( 3
min )
Rusland en Oekraïne zijn het donderdag op het nippertje eens geworden over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Wat is de graandeal ook alweer? En waarom is-ie zo belangrijk?
( 4
min )
Google, Microsoft en OpenAI buitelen over elkaar heen om te laten zien wat er mogelijk is met hun AI. Maar wat zijn de plannen van Apple op het gebied van kunstmatige intelligentie? Het bedrijf van Tim Cook lijkt zich nog niet echt in de wedstrijd te mengen.
( 4
min )
Deutsche Bank gaat 75 miljoen dollar (70 miljoen euro) betalen aan slachtoffers van Jeffrey Epstein. Een misbruikslachtoffer van de overleden Amerikaanse zakenman had de Duitse bank aangeklaagd. Die zou misbruikpraktijken mogelijk hebben gemaakt door Epstein financiële diensten te blijven leveren.
( 3
min )
Slecht nieuws voor mensen die graag boodschappen bestellen bij DekaMarkt. De supermarktketen stopt per 2 juni met het thuisbezorgen.
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min )
Als het aan het kabinet ligt, gaan we via de verbranding van ons restafval grootschalig CO2 uit de lucht halen. Maar de afvalbranche heeft haar twijfels of het lukt om al in 2030 miljoenen tonnen CO2 onder de zee op te slaan.
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min )
“Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: ‘Insiders might sell their shares for any number of reasons, but they buy them for only one reason—they think the price will rise.’ Indeed, one of the best stock signals comes from corporate insiders, the company officers who hold positions of high responsibility – to their Boards, and to their peers, and to their shareholders and customers – for bringi
( 43
min )
Microsoft CMO told staff that their best way to increase salary is to make the stock go higher, after selling $4.4 million worth of stock this month.
( 40
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Charles Schwab said it intends to use the net proceeds for "general corporate purposes", and did not disclose the pricing for the offering in its filing with the U.S. Securities and Exchange Commission. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.
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With Elon Musk outlining plans for Tesla Inc to use traditional advertising for the first time, viewers might see the electric-vehicle maker's Model Y crossover or upcoming Cybertruck pickup - maybe even the billionaire CEO himself - on TV or online. Musk revealed those plans on Tuesday at the company's annual meeting, an about-face for the celebrity executive who recently acquired social media platform Twitter. "We'll try out a little advertising and see how it goes," he told investors in Austin, Texas.
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The brokerage giant, under scrutiny this year, said in a filing it would use the proceeds for general corporate purposes.
( 27
min )
(Bloomberg) -- Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, gave a strong sales forecast for the current quarter, indicating some customers remain committed to upgrading their corporate technology infrastructure.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsDebt-Limit Talks to Intensify
( 39
min )
Cisco Systems Inc beat third-quarter revenue estimates on Wednesday as easing supply hurdles helped the company clear order backlogs for its networking gear. The company posted revenue of $14.57 billion in the quarter, compared with analysts' estimates of $14.39 billion, according to Refinitiv.
( 38
min )
(Bloomberg) -- A California mutual fund manager was sentenced to four years in prison for defrauding investors whose $106 million he said would be put in US Treasury bills and other safe assets but was instead lost in much riskier investments.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsThe $120 Million Ghost Ship Antigua Is Desperate
( 38
min )
By increasing borrowing costs and reducing liquidity, interest rate hikes have the potential to cool asset bubbles. But despite the Federal Reserve’s aggressive rate hikes, billionaire investor Stanley Druckenmiller doesn’t believe the bubble has dissipated. “I’m sitting here staring in the face at the biggest and probably the broadest asset bubble — forget that I’ve ever seen, but that I’ve ever studied,” he said at the 2023 Sohn Investment Conference. “It went on for 10 or 11 years and then it
( 39
min )
A pair of tech stocks are seeing growth in the triple digits this year.
Meta Platforms (META) is up 102% this year, on pace for its best year since 2013, when it rose 105%, according to Dow Jones Market Data.
Nvidia (NVDA) has gained 105% so far this year, and is on pace for its best year since 20
( 22
min )
(Bloomberg) -- A faster-than-expected decline in the US Treasury Department’s cash balance is leading market participants to question whether the government will be able to make it until mid-June tax payments, potentially dashing hopes for a late-summer deadline. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyDebt-Limit Talks to Intensify as Biden Set to Depart for JapanJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsMercedes Sets Out to Make S
( 40
min )
(Bloomberg) -- Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court over an order to pay the Danish authorities more than 8.5 billion krone ($1.24 billion).Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsDebt-Limit Talks to Intensify as Biden Set to Depart for JapanThe Court of Cas
( 38
min )
The assumption among most financial prognosticators is that a recession is most likely on the way, and one prominent name agrees it’s all but inevitable. Legendary investor Paul Tudor Jones sees a recession coming and even has an idea of when it will hit. The Tudor Investment Corp founder and billionaire expects a recession will come into play this fall, mainly as a result of the surge in debt and asset prices in recent years. Such activities are usually followed by an economic downturn. “Histor
( 41
min )
Beyond the numbers, Alibaba earnings may hold more details on the group's plans to split itself up, as well as key trends about the Chinese consumer.
( 23
min )
The stocks our screen found are cheap, relative to highfliers like Eli Lilly, and many are cheap for a reason.
( 23
min )
Will you have to downsize in your retirement? Many families plan to adjust their lifestyles in retirement. They swap the family house, say, for a smaller home. Or they move to a less expensive community. When this is a choice, … Continue reading → The post Half of Americans Won't Be Able to Afford Their Standard of Living in Retirement: Here's What You Can Do appeared first on SmartAsset Blog.
( 42
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When entering retirement, would it be best to transfer your pension fund and 401(k) from your employer account to your own personal individual retirement account (IRA), keeping them under one roof? -Randy There are a couple of things to be … Continue reading → The post Ask an Advisor: What Should I Do With My Retirement Accounts When I Retire? appeared first on SmartAsset Blog.
( 39
min )
Researchers found that companies with the greatest exposure to generative AI could see higher cash flows, lower labor costs, and greater market valuations.
( 22
min )
Benzinga Apple Thwarts $2B In Fraud Transactions — But Third-Party App Store Debate Rages On On Tuesday, Apple announced that its App Store thwarted potential fraudulent transactions amounting to over $2 billion in 2022, alongside rejecting approximately 1.7 million app submissions for failing to meet the privacy and security standards of the app marketplace. The company underscored that it safeguarded users from almost 57,000 questionable apps from unofficial stores lacking the same inherent pr
( 41
min )
Wall Street seems most excited about new products and advertising coming out of Tesla's 2023 annual meeting of shareholders, held Tuesday evening in Austin, Texas.
( 23
min )
There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.
( 40
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Verizon Communications Inc (NYSE: VZ) is pruning the cost and number of its wireless plans to simplify customers' options amid cutthroat competition. It is reducing its lineup of unlimited mobile plans from six to two. It is dropping its most expensive data plans, the Wall Street Journal reports. For four lines, Verizon's two new mobile plans, Unlimited Welcome and Unlimited Plus will be available at a monthly price of $30 a line and $45 a line, respectively. For a single line, the cost would be
( 39
min )
Pfizer Inc (NYSE: PFE) plans to raise $31 billion from a debt offering to finance its proposed acquisition of Seagen Inc (NASDAQ: SGEN) for $43 billion. The debt offering, which would be in eight tranches, is expected to close on May 19. Pfizer expects Seagen could contribute more than $10 billion in risk-adjusted revenues in 2030, with potential significant growth beyond 2030. Tuesday, Seagen shares came under pressure after the U.S. Federal Trade Commission announced to sue to stop Amgen Inc's
( 39
min )
A big reshuffling is coming to the stock market next month: Index provider FTSE Russell will be rebalancing its stock benchmarks, a move that typically ripples through trillions of dollars in investments.
Meta and Google-parent Alphabet are poised to get kicked out of the Russell 1000 Value Index,
( 19
min )
In Kenny Rogers’ iconic song “The Gambler,” he sang, “Every hand’s a winner and every hand’s a loser…” These words hold valuable wisdom that every investor should remember. Regardless of your chosen strategy, successful stock investing ultimately boils down to mastering the art of balancing risk and reward. There are few stock segments that offer a higher return potential for the risk involved than the penny stocks, those equities priced at $5 or less. These are stocks with a truly rock-bottom c
( 42
min )
Bitcoin breached $30,000 last month, marking the peak of a huge rally so far this year. But it has since corrected, with declines accelerating this week.
( 22
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
( 42
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A lengthy nursing home stay can be expensive, and if you don't qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your … Continue reading → The post Can Nursing Homes Take Your Life Insurance From Your Beneficiary? appeared first on SmartAsset Blog.
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The International Monetary Fund's no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks to keep monetary policies tight. IMF First Deputy Managing Director Gita Gopinath told a conference hosted by the Central Bank of Brazil that markets were probably "too optimistic" about what it would take to bring down inflation in emerging markets. "Despite encouraging signs, I am worried that price pressures seem entrenched in many economies and that upside inflation risks are sizeable," she said in remarks prepared for the event.
( 38
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A high rise office building in San Francisco's financial district is being sold for significantly lower than what it had been valued at a few years ago, the San Francisco Business Times reported.
( 39
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Tesla CEO Elon Musk tells shareholders the electric-vehicle company would try running some advertisements, Target's adjusted earnings top estimates, Western Alliance issues a deposits update, and Doximity's revenue forecast misses expectations.
( 23
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Pfizer's acquisition of cancer-focused biotech Seagen, announced in March, would be its biggest since 2009. The deal faces risks.
( 22
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Bitcoin breached $30,000 last month, marking the peak of a huge rally so far this year. But it has since corrected, with declines accelerating this week.
( 22
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Musk argued that professional workers were being unfair in asking to work-from-home while factory and service workers still had to work in-person.
( 41
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Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker said on Wednesday. All three companies are still relatively small and are launching new product lines as larger rivals such as Tesla Inc, China's BYD and established global automakers are battling for sales by cutting prices. Fisker said the EV startup has 65,000 reservations for its Ocean SUV, which is being launched from a factory in Austria operated by a unit of Magna International Inc.
( 39
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(Bloomberg) -- The yuan slid past the 7 per dollar level for the first time since December as disappointing Chinese economic data this week prompted calls for more policy easing.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterGoogle Billionaire Sergey Brin
( 40
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Western Alliance said its deposits had grown by more than $2 billion in the second quarter so far.
( 22
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(Bloomberg) -- European biotech firm Argenx SE is scheduled to release key drug trial data this summer. Deal-hungry Big Pharma is closely watching.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterHere’s How Much Wealth You Need to Join the Richest 1% Glo
( 41
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Contrary to the myth, Americans pay quite a lot of taxes. In 2022, for instance, employees paid an average tax rate of 24.8%, or 0.2% more than in comparable countries. US federal taxes on individual income can be as high as 37%.
( 40
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(Bloomberg) -- A US recession is a virtual certainty and the Federal Reserve may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanHere’s How Much Wealth You Need to Join the Richest 1% GloballyGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterGoogle Billionaire S
( 40
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Germany's Commerzbank said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. Analysts had on average expected profit of 481 million euros, according to a consensus forecast published by Commerzbank. The bank said it sees "upside potential" in net interest income this year.
( 38
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When Cisco Systems reports financial reports after the close Wednesday, the focus is going to be not on revenue and profits, but instead on orders.
( 22
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Vietnam's electric automaker VinFast expects to break even by the end of 2024, its founder said on Wednesday. Vinfast will also launch an EV-pickup truck and a city or "mini car" as future models, Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of its auto unit VinFast, told investors at the company's annual general meeting. VinFast said earlier this month that it would list in the United States via a merger with a special purpose acquisition company (SPAC) Black Spade Acquisition Co.
( 38
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RH CEO Gary Friedman has been a fan of Warren Buffett, having quoted him often during company earnings calls over the years.
( 39
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Het kabinet wil een groep ouderen van Surinaamse afkomst die onvolledige AOW ontvangen, een tegemoetkoming geven van 5.000 euro per persoon. Dat schrijft pensioenminister Carola Schouten aan de Tweede Kamer. Het gaat om een groep van ruim 30.000 mensen.
( 4
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Om het personeelstekort in het onderwijs het hoofd te bieden, proberen basisscholen leraren te verleiden om meer uren te draaien. Het idee is dat ze hier sneller toe bereid zijn als daar een financiële bonus, extra vrije dagen of een plek bij de kinderopvang tegenover staat. 200 scholen doen mee aan dit overheidsexperiment.
( 5
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Het UWV gaat met het ministerie van Sociale Zaken en Werkgelegenheid (SZW) in hoger beroep tegen de uitspraak van de rechter dat een asielzoeker meer dan 24 weken mag werken.
( 4
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Om het personeelstekort in het onderwijs het hoofd te bieden, proberen scholen leraren te verleiden om meer uren te laten draaien. Idee is dat ze hier sneller toe bereid zijn als daar een bonus, in geld, extra vrije dagen of een plek bij de kinderopvang tegenover staat. 200 scholen doen mee aan dit overheidsexperiment.
( 5
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Rusland en Oekraïne zijn akkoord over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Dat hebben de twee landen bevestigd nadat de Turkse president Recep Tayyip Erdogan het eerder op woensdag al meldde.
( 3
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Het UWV gaat met het ministerie van Sociale Zaken en Werkgelegenheid (SZW) in hoger beroep tegen de uitspraak van de rechter dat een asielzoeker meer dan 24 weken mag werken.
( 4
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Rusland en Oekraïne zijn akkoord over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Dat meldt de Turkse president Recep Tayyip Erdogan woensdag.
( 3
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De nieuwe game The Legend of Zelda: Tears of the Kingdom is in drie dagen tijd tien miljoen keer verkocht. Volgens Nintendo is het de snelst verkopende Nintendo-game ooit in zowel de Benelux als in Europa.
( 3
min )
Klanten van KLM die liever niet als man of vrouw aangesproken willen worden, kunnen dat voortaan aangeven bij hun boeking. Ze kunnen aangeven dat ze zich identificeren als non-binair of ervoor kiezen de aanspreekvorm helemaal weg te laten. Dan noemt de luchtvaartmaatschappij de passagiers gewoon bij hun naam.
( 3
min )
Rabobank verhoogt de rente op vrij opneembaar spaargeld op 1 juni van 0,75 procent naar 1 procent. Dat is de tweede verhoging in een maand tijd. Op 1 mei ging de spaarrente ook al omhoog.
( 3
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Het geld dat het kabinet gebruikt om de arbeidsmarkt te stimuleren, heeft amper effect. De subsidies moeten zorgen voor meer IT'ers en stages in de zorg, maar dat doen ze volgens de Algemene Rekenkamer niet. Daarnaast ligt bij het omscholingsbudget STAP misbruik op de loer.
( 4
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De inflatie in de gehele Europese Unie is in april voor de zesde maand op rij gezakt. Die maand bedroeg de inflatie 8,1 procent. Maar in Nederland steeg het percentage juist in april.
( 3
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Ook in de zuivelindustrie zijn acties en stakingen voorlopig van de baan. Werkgevers en vakbonden hebben een nieuwe cao gesloten voor de twaalfduizend werknemers. Zij kunnen rekenen op een loonsverhoging van 11,65 procent.
( 3
min )
Topman Sam Altman van het bedrijf achter chatbot ChatGPT heeft de Amerikaanse overheid opgeroepen de ontwikkeling van kunstmatige intelligentie (AI) te reguleren. De bestuurder van OpenAI is bang dat de technologiesector de wereld anders aanzienlijke schade kan toebrengen.
( 4
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In Nederland zijn elektrische auto's inmiddels bijna net zo geliefd als benzineauto's. Maar in de hele Europese Unie zijn personenwagens met een benzinemotor nog altijd het populairst.
( 3
min )
Tijdelijke huurcontracten op de woningmarkt moeten weer een uitzondering worden. Een meerderheid van de Tweede Kamer stemde daarom dinsdag voor nieuwe regels, die ervoor moeten zorgen dat vaste contracten de norm zijn. Wat verandert er precies en welke uitzonderingen zijn er?
( 5
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Bedrijven moeten bij een melding over seksueel grensoverschrijdend gedrag niet te snel terugvallen op extern onderzoek. Dat schrijft regeringscommissaris Mariëtte Hamer in een pilotversie van een gids over hoe organisaties moeten omgaan met dit soort situaties.
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De werkloosheid in ons land is in april licht afgenomen naar 3,4 procent van de beroepsbevolking. Dat zijn 343.000 mensen zonder baan. Onder 45-plussers is het aantal werklozen zelfs gedaald tot het laagste niveau in twintig jaar.
( 3
min )
Supermarkten zouden zich schuldig maken aan graaiflatie. Daarbij stijgen de prijzen onnodig harder dan de kosten. Hoe zit dat precies?
( 3
min )
A credit score is a number from 300 to 850 that rates a consumer’s creditworthiness. The higher the score, the better a borrower looks to potential lenders.
( 26
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The hospital insurance trust fund is Part A of Medicare, the United States health insurance program for those 65 and older.
( 21
min )
Home Depot and Boeing help lead the Dow more than 400 points higher, while Intel continued its losing streak
( 16
min )
A broad-based index is designed to reflect the movement of the entire market—one example of a broad-based index is the Dow Jones Industrial Average.
( 21
min )
The Dow, S&P 500, and Nasdaq jumped more than 1% on Wednesday, May 17, 2023 as debt limit talks advanced and regional bank shares rose.
( 16
min )
A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer.
( 19
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Target's first quarter profit and revenue exceed estimates even as inflation led consumers to shift their shopping habits away from higher-priced discretionary products.
( 16
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The rehabilitation credit for historic preservation is a federal tax credit designed to encourage historical property preservation in the U.S.
( 24
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Over half of Gen Z and millennial respondents surveyed by Deloitte say they live paycheck to paycheck, and expect that the economy will stay the same or worsen over the next year.
( 16
min )
Pfizer's $31 billion bond sale ranks among the largest ever, but it's still only half the size, adjusted for inflation, of Verizon's mammoth 2013 deal.
( 17
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Asking these 10 questions can help you to have a successful relationship with your financial advisor. It's important to understand what your advisor does and how they do it.
( 28
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A look-alike contracts is a derivative of a futures contract.
( 18
min )
OpenAI adds a web browser for paid ChatGPT users and plugins that expand access to commercial services.
( 17
min )
The Albanian lek is the national currency of the Republic of Albania.
( 21
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The March inflation rate was 5%. That's lower than the top interest rates on CDs. The best-paying CDs could beat or at least mitigate the effects of inflation on your savings.
( 20
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Credit card rental car insurance is coverage to pay for damage to a rental car you rent with the card. Here’s how it works and which cards offer primary coverage.
( 27
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Tether, the issuer of the USDT stablecoin, said it will allocate 15% of its profit to regularly purchase Bitcoin to diversify reserves backing USDT.
( 17
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Residential mortgage-backed securities are created from residential debt such as mortgages, home-equity loans & subprime mortgages.
( 20
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Ripple said it bought Swiss crypto custodian Metaco as crypto firms diversify outside the U.S.
( 18
min )
Lenders use different versions and types of FICO scores depending on the type of credit you're seeking and other issues.
( 24
min )
Fannie Mae expands the liquidity of the mortgage market and helps low- to moderate-income borrowers obtain financing for a home.
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In a survey published this week, the majority of tax prep software users said they would switch over to an IRS-run option, if one were made available.
( 17
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Walmart, America’s biggest retailer by revenue, is expected to report a rebound in earnings on solid growth in same-store sales, as cash-strapped consumers spend more on necessities.
( 17
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The 30-year mortgage average inched up to almost the 7% threshold once again, with most other loan averages also moving slightly to moderately higher.
( 17
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A conforming loan is a home mortgage with underlying terms and conditions that meet the funding criteria of Fannie Mae and Freddie Mac.
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A nonconforming mortgage is a home loan that cannot be sold by a bank to Fannie Mae or Freddie Mac, usually because it is too large.
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A mortgage application is submitted to a lender when you apply for a loan and includes information that determines whether the loan will be approved.
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Housing starts ticked up slightly in April, a sign that demand is growing for newly-built homes in a low-inventory market.
( 17
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A reverse mortgage lawyer can help with untangling reverse mortgage issues. Learn how to find a reputable reverse mortgage attorney.
( 22
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If you are buying or selling a home, you must understand all the processes involved in the escrow. Here is everything you will need to know about the escrow process.
( 28
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Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.
( 25
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When you get a mortgage, you need to understand the structure of your payments, so you know how expensive the whole thing will ultimately be.
( 26
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A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.
( 22
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Learn more about the insurance sector, a historically safe place for equity investors and the home of some of the largest financial firms in the world.
( 27
min )
The top reasons why advisors should become registered investment advisors.
( 24
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(Bloomberg) -- More than three years after China’s grand financial opening, it’s becoming clear to Wall Street giants that their dreams of windfall profits from the $60 trillion market are more elusive than ever.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanHere’s How Much Wealth You Need to Join the Richest 1% GloballyGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks La
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When the legendary investor Warren Buffet makes a move, Wall Street pays attention. Known as the ‘Oracle of Omaha’ and the mastermind behind Berkshire Hathaway, now 92 years old, Buffett has amassed a fortune of over $100 billion throughout his career. Buffett’s preferred investing style has always been value investing, which entails identifying undervalued stocks with strong fundamentals. So, it’s definitely worth nosing through Buffett’s Berkshire Hathaway portfolio to see which stocks he rece
( 42
min )
Greg Becker acknowledged that regulators had pointed out flaws in SVB's balance sheet, but said that he was in the process of working with regulators when the bank run occurred.
( 40
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The stock has dived 23% since the company reported first-quarter earnings on May 1.
( 22
min )
Famed short seller Jim Chanos scoffed at remarks made by Silicon Valley Bank's ex-CEO that a sharp policy shift by the Fed had brought the bank down.
( 39
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Former Tesla tech chief JB Straubel wins a seat on the auto maker’s board.
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(Bloomberg) -- The Federal Deposit Insurance Corp. will sell New York Community Bancorp Inc. shares it acquired as part of the lender’s purchase of Signature Bank from the regulator in March.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterHere’s How Muc
( 39
min )
The IRS announced the largest ever increase to the amount Americans can set aside in HSAs each year.
( 24
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A group of companies including General Electric Co, Ikea Supply AG and Home Depot Inc on Tuesday defeated a request by the University of California for a U.S. appeals court to block imports of light bulbs that allegedly infringe its patents. The U.S. Court of Appeals for the Federal Circuit affirmed the U.S. International Trade Commission's decision that the companies' light bulbs did not include a key element of the university's patented technology. Home Depot declined to comment.
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(Bloomberg) -- The patent that’s given Vanguard Group an edge over competitors for the past 20 years — and helped its clients pull in more than $100 billion worth of additional investment gains — expired today. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year
( 39
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Workers who have used remote work's flexibility to 'overemploy' themselves are turning to AI for even more side-hustles.
( 40
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At least 50% of Americans had confidence in the housing market for nearly 50 years, but that all changed the last two years.
( 39
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(Bloomberg) -- Pfizer Inc. is in the US high-grade bond market with a jumbo offering that’s lining up to be one of the largest ever sold. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year HistoryTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffThe
( 40
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The net worth of Shunsaku Sagami, the founder, and CEO of M&A Research Institute Holdings, touched $950 million on Tuesday.
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Most national average rates climbed in April, but signs of a pullback are appearing and Federal Reserve actions indicate rates may flatten or decline in coming months.
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The stock has dived 23% since the company reported first-quarter earnings on May 1.
( 22
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The chip maker currently has a market cap of $722 billion, outpacing Berkshire's $709 billion.
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Business magnate Warren Buffett is widely regarded as one of the greatest investors of the modern-day world. His seemingly unmatched and consistent value-investing strategies have earned him the title of Oracle of Omaha. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Many of his investing strategies are known, but there is one that is often overlooked yet incredibly important. It’s a lot more prevalent in the s
( 41
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Dan Loeb and Bill Ackman just disclosed new positions in Google-parent Alphabet.
( 22
min )
“US stocks are declining after Home Depot delivered a downbeat outlook for the retail consumer and Speaker McCarthy said debt ceiling negotiations have had no progress,” wrote Edward Moya, senior market analyst at OANDA.
“Wall Street is bracing for something bad to happen, but no one has an idea on
( 23
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The Nasdaq Composite ticked 0.2% higher midday Tuesday, while the Dow and S&P 500 stayed in the red.
Several tech stocks were bolstering that lift, including Advanced Micro Devices (ticker: AMD), up 4.6%, Alphabet (GOOGL, GOOG), gaining 2.8% and 2.6%, respectively, Amazon.com
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Silicon Valley Bank's former CEO is getting pushback from lawmakers about his explanation for why the bank failed in March.
Here's what Senate Banking Committee Chairman Sherrod Brown (D., Ohio) said to Greg Becker:
"Mr. Becker, [your version of events](https://www.banking.senate.gov/imo/media/d
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Investor Warren Buffett's company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer. Berkshire's latest filing with the Securities and Exchange Commission late Monday showed that it had bought another 2.2 million Occidental shares. Buffett's Omaha, Nebraska-based conglomerate controls 23.8% of Occidental's stock and holds warrants to buy another 83.9 million shares for $59.62 apiece, but the billionaire recently told shareholders that he has no plans to buy the entire company.
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(Bloomberg) -- Stiff global competition for sour crude oil is threatening to complicate the Biden administration’s plan to buy up to 3 million barrels to refill the depleted US Strategic Petroleum Reserve.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in Surging S
( 38
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The wireless carrier’s new consumer boss is looking to reduce the “paradox of choice” and curb subscriber losses.
( 25
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The FTC is preparing to seek an injunction in federal court that would prevent the deal from closing.
( 26
min )
(Bloomberg) -- Alphabet Inc. is back in the game. The artificial intelligence game, that is.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubShares in the Google-owner had lagged behind other mega
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The Justice Department plans on Tuesday to announce the first enforcement actions from its "disruptive technology" strike force, the U.S. Attorney's Office in Manhattan said on Twitter. Deputy Attorney General Lisa Monaco said in February that the new task force was a joint effort between her department and the U.S. Commerce Department, to safeguard American technology from foreign adversaries and other national security threats.
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Tesla's 2023 annual meeting of shareholders starts Tuesday at 4 p.m. Eastern time. Investors can watch it on the web.
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With the macro backdrop currently a combination of debt ceiling negotiations, data pointing to cooling economic activity amidst expectations of a recession, investors could benefit from a guiding hand to block out the background noise and point toward the equities primed to gain from here. One way to keep ahead of the game is by riding the coattails of Wall Street investing legends. Ones such as Steve Cohen. Using a high-risk/high-reward strategy, the billionaire Chairman and CEO of global asset
( 42
min )
A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance company will only make a payout to the beneficiaries after the last survivor passes … Continue reading → The post Second-to-Die Insurance Policy Definition appeared first on SmartAsset Blog.
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Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
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An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
( 40
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Baidu's first-quarter earnings and revenue beat analysts' expectations, as advertising growth was ahead of Wall Street forecasts.
( 22
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People with units of the pipeline operator will be fully taxed on the entire cash-and-stock deal, so much of their gains will go to Uncle Sam.
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Tesla's 2023 annual meeting of shareholders starts Tuesday at 4 p.m. Eastern time. Investors can watch it on the web.
( 22
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Amgen reached an agreement to buy Horizon for $27.8 billion in December last year, and at the time said it expected the deal to be completed in the first half of 2023.
( 23
min )
Short seller Michael Burry is playing the long game in China’s tech sector.
( 39
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Home Depot shares slump after the home-improvement giant cuts fiscal-year guidance, Baidu's profit tops estimates, and Berkshire Hathaway initiates a position in Capital One Financial.
( 23
min )
Jill Woodworth’s first role as a finance chief was at Peloton.
( 41
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Ex-Silicon Valley and Signature Bank execs face Senate panel, Wells Fargo to pay $1 billion to settle lawsuit, Federal Reserve officials see rates remaining high in 2023, and other news to start your day.
( 23
min )
The home-improvement retailer cuts its fiscal-year sales and earnings guidance, citing weather, softening demand, and other factors.
( 22
min )
Baidu's first-quarter earnings and revenue beat analysts' expectations, as it focuses on artificial-intelligence technology.
( 22
min )
The online brokerages earlier agreed to stop accepting new customers from mainland China.
( 27
min )
(Bloomberg) -- Analysts are upgrading Swedish real estate stocks after recent selloffs have made them too cheap to ignore and as recent measures to shore up highly-leveraged balance sheets have improved some of their outlooks.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of Vi
( 39
min )
(Bloomberg) -- Baidu Inc.’s revenue rose a stronger-than-expected 10% after its advertising and cloud businesses benefited from China’s post-pandemic reopening.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major
( 40
min )
The outlook highlights widening divide between booming demand in the developing world and lackluster requirements in Europe and North America, the International Energy Agency said.
( 26
min )
Vodafone plans to axe 11,000 jobs after new chief executive Margherita Della Valle admitted the struggling telecoms giant's performance was "not good enough".
( 38
min )
↗️ Capital One (COF): The bank’s stock surged over 5% in premarket trading on the news that [Warren Buffett’s Berkshire Hathaway opened a new position](https://www.wsj.com/articles/berkshire-hathaway-opens-new-position-in-capital-one-exits-bny-me
( 18
min )
Executing a successful pivot away from the U.S. would be a tall order for the crypto exchange, Berenberg said.
( 39
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Shareholders claimed the bank and its past leadership were moving slower to address regulatory issues than they acknowledged publicly.
( 27
min )
(Bloomberg) -- Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd. big time, even as other hedge funds cooled on the nation’s reopening trades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapCh
( 40
min )
The conglomerate led by Warren Buffett bought about $130 million of Occidental stock in recent days.
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(Bloomberg) -- Elon Musk was issued a subpoena by the US Virgin Islands in its lawsuit accusing JPMorgan Chase & Co. of knowingly benefiting from Jeffrey Epstein’s sex-trafficking.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubMicrosoft’s $69 Billion Activision Dea
( 39
min )
"The Big Short" investor Michael Burry bought First Republic, PacWest, and other bank stocks last quarter, likely capitalizing on a brutal sell-off.
( 40
min )
Oil prices rose for a second day early on Tuesday, as U.S. plans to purchase oil for the Strategic Petroleum Reserve (SPR) lent support while raging wildfires in Canada fuelled supply worries. The U.S. Department of Energy said on Monday it would buy 3 million barrels of crude oil for the SPR for delivery in August, and asked that offers be submitted by May 31. Oil prices on Tuesday, however, drew support from supply worries stemming from wildfires in Canada.
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(Bloomberg) -- Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd. big time, even as other hedge funds cooled on the nation’s reopening trades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapMi
( 40
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In de eerste drie maanden van dit jaar zijn 12.800 vergunningen afgegeven voor nieuwbouw. Dat is 28 procent minder dan een jaar eerder en is het kleinste aantal sinds het tweede kwartaal van 2016.
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De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?
( 5
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De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?
( 5
min )
De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?
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min )
Er was al een cao-loonsverhoging van twee keer 2 procent voor personeel in geestelijke gezondheidszorgcentra, maar nu krijgen ze er nog eens een inflatiecompensatie bij. Volgens vakbond FNV komt er nog eens 10 procent extra loon bij.
( 3
min )
Wie een woning of kamer verhuurt aan studenten mag straks geen kortlopend contract meer aanbieden van bijvoorbeeld een of twee jaar. Zulke contracten blijven wel mogelijk voor bijvoorbeeld buitenlandse studenten die een jaar in Nederland komen studeren.
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Het personeelstekort blijft groot, zelfs nu het economisch minder gaat. Zijn er echt te weinig mensen beschikbaar? En waar moeten we dan extra handen vandaan halen? Vijf vragen over de aanhoudende krapte op de arbeidsmarkt.
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De omstreden multimiljonair Gerard Sanderink, die is geschorst als topman van Strukton en Centric, moet miljoenen aan dwangsommen betalen aan zijn ex-vriendin. Sanderink beschuldigt haar al jaren van fraude en diefstal, zonder bewijs daarvoor te leveren. Daarom moet hij haar nu in totaal 4,6 miljoen euro betalen.
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De overheid wil alle aandelen van de eigenaren van de kerncentrale in Dodewaard overnemen. Dat heeft het kabinet laten weten aan de Tweede Kamer. De centrale ligt al sinds 1997 stil.
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De Nederlandse economie is in de eerste drie maanden van dit jaar met 0,7 procent gekrompen ten opzichte van het kwartaal daarvoor. Daarmee doen we het slechter dan onze buurlanden, waar de economie groeit of op hetzelfde niveau blijft. In de laatste drie maanden van vorig jaar was er nog sprake van een groei van 0,4 procent.
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Berichtendienst WhatsApp komt met een update waarmee je berichtjes van je geheime liefde of chats met pikante foto's kunt beveiligen. Die gesprekken kunnen alleen ontgrendeld worden met een wachtwoord, gezichtsherkenning of een vingerafdruk.
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Chemiebedrijf 3M moet omwonenden van de vestiging in het Belgische Zwijndrecht een schadevergoeding van 2.000 euro betalen. Leden van een gezin bleken te veel vervuilende PFAS in hun bloed te hebben en volgens de rechter is dat de schuld van de fabriek.
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Het overgrote deel van de slaapapneuapparaten die Philips wereldwijd heeft teruggeroepen, is wel degelijk veilig. Dat concludeert het concern op basis van uitgebreid onderzoek.
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Veel bedrijven in de maaltijd- en flitsbezorging hebben hun zaken niet op orde. Het personeel wordt onderbetaald en er lopen bezorgers rond die te jong zijn om het werk te mogen doen. Ook is de werksituatie vaak onveilig, concludeerde de Arbeidsinspectie tijdens een grote controle bij deze bedrijven.
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Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft enorm en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.
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Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft groot en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.
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The Dow Jones Industrial Average fell 1%, or 336 points, on a day of disappointing earnings and macroeconomic reports. Nike lost the most, while Microsoft led a small pack of gainers.
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You can borrow up to 85% of the equity you own via a home equity loan. In this guide, we'll show you how to calculate your maximum amount.
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Wells Fargo agreed to pay shareholders $1 billion in damages to settle a class-action lawsuit filed against it, stemming from a fake accounts scandal that surfaced in 2016.
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Keeping new clients engaged is a challenge for financial advisors. Here are some ways to get clients to open up about their financial goals.
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Just 21% of Americans polled by Gallup think now is a good time to purchase a home, an all-time low.
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Two polls find a majority of women say they aren't financially secure, and they worry about saving for retirement.
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min )
The American Recovery and Reinvestment Act of 2009 (ARRA) was a law passed by the U.S. Congress in response to the Great Recession of 2008.
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A home mortgage is a loan given by a bank, mortgage company, or other financial institution for the purchase of a primary or investment residence.
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The debt avalanche method pays off the high-interest debt first, and the debt snowball method focuses on paying off the smallest debt first. Learn about other differences.
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Home Depot shares fell Tuesday morning after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.
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European Union member states provided the final stamp of approval for continental rules governing cryptocurrencies, known as Markets in Crypto-Assets.
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Home Depot shares are down after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.
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Who’s to blame for the banking crisis? Maybe an easier question to answer is: who isn’t?
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An online checking account can save you time and money, but understand the drawbacks before signing up to make the switch.
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ChatGPT executive Sam Altman told Congress Tuesday that licensing could be a way to help ensure that more power artificial intelligence models adhere to safety rules.
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The Federal Trade Commission is suing to block Amgen Inc.'s $28 billion acquisition of Horizon Therapeutics to prevent a monopoly in the market for d.rugs that treat critical ailments
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Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
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A nonqualified variable annuity allows you to defer taxes on your investment gains but doesn’t entitle you to a tax deduction as a qualified plan does.
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Most national average rates climbed in April, but signs of a pullback are appearing and Federal Reserve actions indicate rates may flatten or decline in coming months.
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Though refinancing a mortgage and taking out a home equity loan each offers a source of cash for homeowners, the similarities stop there.
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Rates rose for every mortgage type, with double-digit increases in every average. Rates on 30-year loans are again near 7%, and jumbo 30-year rates are at a 12-year high.
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Builder confidence for single-family homes rose five points, the fifth straight monthly increase.
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Alibaba, China's most valuable retailer, is likely to report a boost in earnings per share but slow revenue growth as China's economy stumbles out of pandemic restrictions.
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A Certified Senior Consultant was someone certified in key issues facing seniors, including government benefits, income streams, and long-term care.
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The Temporary Liquidity Guarantee Program (TLGP) was created in 2008 to stabilize the U.S. banking system during the global financial crisis.
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A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction.
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Consumers continued to make trade-offs in their April budgets but didn't stop spending, as retail sales rose 0.4% in April after two months of declines.
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Refinancing is a great way for many homeowners to improve their financial situation, but you need to be aware of the downsides.
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A subprime mortgage is normally issued to borrowers with lower credit ratings. It typically carries a higher interest rate that can increase over time.
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A HELOC can be worthwhile to fund home improvements, but when used to pay for other things, it can result in bad debt.
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Many banks and mortgage companies offer conventional and FHA home loans to non-U.S. citizens, if they meet specific requirements.
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A refinance occurs when a business or person revises the interest rate, payment schedule, and terms of a previous credit agreement.
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Pre-qualified and pre-approved sound the same, but mean very different things for homebuyers—and carry very different weights with home sellers.
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Understand how rate changes can affect home prices and learn how you can keep up.
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Judd and Laura Zebersky joined Warren Buffett's empire after Berkshire Hathaway acquired their parent company last October.
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Delaware’s Supreme Court on Monday overturned a judge’s ruling upholding a decision by state officials to prohibit electric vehicle maker Tesla from selling its cars directly to customers. In a ruling last year, a Superior Court judge determined that Delaware's Motor Vehicle Franchising Practices Act prohibited Tesla, as a manufacturer, from selling its electric cars directly to customers in Delaware. The Supreme Court reversed that decision and sent the case back to Superior Court, noting that the franchise act was enacted to address the disparity in bargaining power that permitted automobile manufacturers to exert economic pressure over their franchises.
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(Bloomberg) -- Google co-founder Sergey Brin gifted Alphabet Inc. shares worth roughly $600 million on Thursday during a week that saw his wealth grow by the most in over two years.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapMicrosoft’s $69 Billion Activision Deal Wins EU ApprovalRemote Work Comes With Daytime Drug and Drinking Habits
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Electric vehicles (EVs) have been dominating headlines due to the convergence of social, cultural, and political forces driving a shift from conventional combustion-powered cars to zero-emission vehicles. This shift has sparked a surge in government programs and spending designed to quickly expand the infrastructure needed to support a growing fleet of EVs. In return, we are also seeing enormous growth in EV manufacturers. The infrastructure support is substantial. Cantor senior analyst Andres S
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(Bloomberg) -- Billionaire investing titans Stanley Druckenmiller and David Tepper loaded up on stocks benefiting from the artificial intelligence boom during the first quarter. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapRemote Work Comes With Daytime Drug and Drinking HabitsMicrosoft’s $69 Billion Activision Deal Wins EU ApprovalDru
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The U.S. Virgin islands subpoenaed Tesla Inc CEO Elon Musk in its litigation into the role played by JPMorgan Chase & Co in the activity of sex offender Jeffrey Epstein, according to a Monday court filing.
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Berkshire Hathaway's 13F is out.
Warren Buffett's company trimmed its stakes in Chevron, McKesson, Activision Blizzard, General Motors, AON, Ally Financial, Amazon.com and Celanese in the first quarter, the filing showed.
Berkshire also eliminated its positions in RH, the home-furnishings compa
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People with units of the pipeline operator will be fully taxed on the entire cash-and-stock deal, so much of their gains will go to Uncle Sam.
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Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.
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(Bloomberg) -- Icahn Enterprise LP’s disclosure of a May 3 inquiry from federal prosecutors in New York sent the company’s shares reeling, but it’s far from the first time Carl Icahn has faced a government probe.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesStocks See Small Moves in Run
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You’ve probably heard the old market adage to “Sell in May and go away.” Instead, how about using this time to start considering dividend-paying ETFs? There’s no time like the present to start building a dividend portfolio that can set you up with years of passive income. Here are two big dividend ETFs that both yield over 11% that you can consider using to jumpstart your dividend portfolio. Even better, while some high-yield ETFs lure investors in with eye-popping yields but then end up providi
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Tesla Chief Executive Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, the Information reported on Monday, citing an email to staff. According to the report, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting such requests. Tesla did not immediately respond to a Reuters request for comment.
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(Bloomberg) -- Famed short-seller Michael Burry took big stakes in regional banks during the first quarter, including the failed lender First Republic before it was bought up by JPMorgan Chase & Co. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesHis hedge fund, Scion Asset Management, sn
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Follow Buffett’s lead to build a portfolio of dividend-paying stocks.
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The debt ceiling is plainly unconstitutional and a nuclear weapon in the hands of willful children. It's time to ignore it.
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The chief executive disclosed on Tuesday about $220,000 of SoFi stock purchases made by his wife Kristin Noto from August 2021 through this May.
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min )
Chief Strategy Officer and Executive Vice President Rima Qureshi will assume responsibility for Verizon’s marketing team on an interim basis.
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Elon Musk and Warren Buffett are talented in their own right. One is a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space. The other is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. At Berkshire’s latest annual shareholders meeting, Buffett spoke highly of the Tesla CEO. “Elon is a brilliant, brilliant guy,” Buffett said. “He dreams about things, and his dr
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Most of Western Digital flash-memory chips are produced by the company's joint venture with Japan-based Kioxia.
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Michael Vale's termination went into effect May 12, according to a statement released from the company.
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WASHINGTON (AP) — 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday. Vale was promoted to group president and chief business and country officer just last month. Vale worked at 3M for more than 30 years, according to an April 25 press release announcing his promotion, which said he would report to Chairman and CEO Mike Roman.
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Despite the signoff from European regulators, Microsoft still faces objections from the U.S. and U.K.
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min )
The Warren Buffett-led company might have been a seller of Bank of New York and U.S. Bancorp in the first quarter.
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Traders are skeptical of pipeline operator Oneok's roughly $14 billion deal to buy smaller rival Magellan and create the second-largest U.S.-based midstream company by stock-market value.
Why that might be: The
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Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.
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The broker's shares were upgraded to Outperform from Market Perform at Raymond James.
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Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plan in Windsor, Canada over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday.
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The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.
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The financial services company could be “nearing a tipping point” on the fee income it recognizes from loan applications and sales, warning the fee income could decline significantly, Wedbush analysts said.
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The average American spends 13 hours and $250 each year to file their taxes, the IRS says.
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min )
The broker's shares were upgraded to Outperform from Market Perform at Raymond James.
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min )
The artificial-intelligence software provider forecast higher revenue and a lower operating loss in its fourth quarter than previously guided.
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min )
Cathie Wood has built a reputation as one willing to bet on disruptive tech and potential game-changing stocks. It’s a strategy the ARK Invest CEO has stuck to whether her choices have easily outperformed the market – as was the case during the pandemic – or badly trailed it – as happened last year. So far, this year, Wood’s flagship fund, the ARK Innovation ETF, has done rather well, showing year-to-date gains of a market-beating 24% although the ETF still remains some distance off the highs no
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Kioxia Holdings Corp and Western Digital Corp (NASDAQ: WDC) accelerated merger talks have progressed towards a deal as plunging market demand and oversupply of chips weighed on the companies. Kioxia would have a 43% stake and Western Digital a 37% ownership under the deal, Reuters cites familiar sources. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics Co, Ltd (OTC: SSNLF). The planned merger will also likely draw anti-trus
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Is it worth paying a financial advisor to manage retirement funds if you are confident in your own financial investment strategies? I feel like I have a solid understanding of long-term investment strategies. And as such, I feel the roughly … Continue reading → The post Ask an Advisor: I Have a ‘Solid Understanding' of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor? appeared first on SmartAsset Blog.
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The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.
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Most people's income comes as the direct result of work - you get a job, show up, hopefully perform decently well and then money shows up in your bank account. Some people, though, look to set up streams of passive … Continue reading → The post Passive Income: How Is It Taxed? appeared first on SmartAsset Blog.
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I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.
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Michael Vale has worked for the company for more than 30 years.
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If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.
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The financial services company could be “nearing a tipping point” on the fee income it recognizes from loan applications and sales, warning the fee income could decline significantly, Wedbush analysts said.
( 22
min )
(Bloomberg) -- Trillions of dollars stowed away in short-term US Treasuries are looking anything but safe as the debt ceiling deadline edges closer. That’s prompted an ETF giant to warn that one of the year’s hottest haven trades could be about to unwind — and throw beleaguered regional banks a lifeline.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Goes to Runoff Vote as Erdogan Falls Short of 50% MarkRemote Work Comes With Daytime Drug and Drinking
( 40
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You’ve likely heard the Wall Street saying, Sell in May and go away. Turns out, there’s some truth to it.
( 40
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Debt ceiling takes center stage as Biden prepares for G-7, Turkey’s Erdogan fails to clinch victory, EV start-ups forecasting disappointing targets, and other news to start your day.
( 22
min )
(Bloomberg) -- Media upstart Vice Media LLC and home security company Monitronics International Inc. were among at least seven firms filing for US Chapter 11 bankruptcy protection in the past 24 hours as companies feel the crunch from a year of interest hikes.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTurkey Poised for Vote Runoff as Erdogan Ballots Fall ShortChina Jails 78-Year-Old American for Life
( 40
min )
As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. Citigroup CEO Jane Fraser said this debate on the debt ceiling is "more worrying" than previous ones.
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NeoGames stock more than doubles after the company reaches an agreement to be acquired by Australia's Aristocrat Leisure.
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min )
Companies such as TurboTax are leaning on lawmakers to fight a change.
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min )
Newmont reaches a deal to acquire Australian gold and copper miner Newcrest Mining for $17.5 billion, while Oneok will be buying Magellan Midstream Partners in a cash-and-stock deal with a value of about $18.8 billion including debt.
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min )
The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.
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min )
Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 23
min )
(Bloomberg) -- Global investors seeking to trade China’s reopening will have a new strategic tool from Monday: onshore interest-rate swaps that had an annual turnover of $3 trillion last year.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His DeathThe so-called Swap Connect
( 40
min )
Stock futures advanced to start a new week of trading, with developments on the looming U.S. debt ceiling in focus alongside a trickle of economic data and remarks from central bank officials due in the coming days.
Futures for the Dow Jones Industrial Average rose 140 points, or 0.4%, after the in
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The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.
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(Bloomberg) -- Morgan Stanley’s Michael Wilson — among the most bearish voices on Wall Street — expects the debate around raising the US government’s $31.4 trillion borrowing limit to trigger some sharp swings in equity markets.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsSea’s Path to Profit Paved With Layoffs, Single-Ply Toilet PaperJeffrey Epstein Keeps Haunting Wall Street Long After His DeathMost
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British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco has been with the tobacco firm since 1992 and was appointed to the board in 2019. Director Javed Iqbal will be interim finance director while the group looks for a permanent replacement for Marroco, the company said.
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(Bloomberg) -- Vice Media LLC filed for bankruptcy protection, punctuating a relatively rapid decline for the media upstart that once boasted a $5.7 billion valuation.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His DeathThe Brooklyn-based company listed both assets and li
( 38
min )
Kioxia Holdings Corp and Western Digital Corp are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh consolidation pressure on the world's No. 2 and No. 4 players. Japan's Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics.
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Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven't really wanted to do, like letting the largest U.S. bank get even bigger. Take the case of the Federal Deposit Insurance Corp (FDIC), one of the main banking regulators. In a December 2021 statement, Chairman Martin Gruenberg said the sale of some troubled banks to the likes of JPMorgan Chase & Co during the financial crisis of 2008 had arguably "increased long-term financial stability risk."
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(Bloomberg) -- Pressure is mounting for China’s dollar bond defaulters to present disgruntled creditors concrete restructuring plans, as another firm that has failed to do so now faces court-ordered liquidation.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsJeffrey Epstein Keeps Haunting Wall Street Long After His DeathTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpDangdai
( 38
min )
Asian shares were mostly lower Monday, dogged by persisting worries over a possible recession and the risk of a default on the U.S. national debt. U.S. futures and oil prices also fell. This week will bring major updates on the Chinese and Japanese economies.
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Bitcoin prices rose on Monday morning in Asia to above US$27,000. Ether managed to rise above the US$1,800 support level as Litecoin leads gainers.
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The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value.
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min )
(Bloomberg) -- US stock futures declined and the dollar traded in tight ranges versus major peers as investors weighed signs of progress in talks to avert a debt default and persistent inflationary pressure. Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpMuch of the act
( 40
min )
(Bloomberg) -- Oil held a fourth weekly loss as concerns over the US economy and China’s slower-than-expected recovery weighed on the outlook.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpWest Texas Intermediate futures traded near $70 a barrel after the longest run of
( 39
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(Bloomberg) -- The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge in the book: gold.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier
( 41
min )
Warren Buffett's Berkshire Hathaway shook up its bank holdings last quarter, adding Capital One and exiting positions in two other major lenders amid banking sector turmoil.
( 16
min )
Personal loan rates dropped again for a third week in a row, lowering the overall average by 28 basis points.
( 17
min )
Intel rebounds from a last week’s fall, while Verizon’s 2% drop is the worst of the Dow
( 17
min )
A judgment is a court decision adjudicating a dispute between two parties by determining the rights of each party. Read how monetary judgments work.
( 24
min )
There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.
( 26
min )
U.S. equities made small advances on Monday, May 15, 2023 on optimism about the debt ceiling negotiations, and new economic data coming this week
( 16
min )
Environmental, social, and governance (ESG) investing is growing in popularity. See some tips for discussing ESG opportunities with your clients.
( 29
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Americans have more debt than ever, and more people are falling behind on paying it.
( 16
min )
Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.
( 16
min )
Three Fed bank presidents weighed in on the future of interest rates and inflation, with Atlanta Fed President Raphael Bostic saying he doesn't see an interest rate cut this year.
( 18
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There are numerous low-down-payment mortgage options out there, but sometimes it makes sense to build up your savings so you can borrow less.
( 21
min )
DISH Network, Warner Bros. Discovery, and Opera lead the industry for best value, fastest growth, and most momentum, respectively.
( 21
min )
Target, the nation’s seventh-largest retailer by revenue, will likely say earnings fell 20% in the first quarter amid a slowdown in comparable store sales and discretionary spending.
( 17
min )
If you’re a first-time homebuyer, the options for borrowing can be exponential and potentially overwhelming. Here are some home financing basics.
( 32
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H&R Block (HRB) shares are sinking as the Internal Revenue Service (IRS) is set to release a report this week about plans to offer free online tax filings on its website.
( 15
min )
This week’s cryptocurrencies to keep an eye on are Kava (KAVA), Bitcoin SV (BSV), Lido DAO (LDO), Rocket Pool (RPL), and Litecoin (LTC).
( 19
min )
Tesla Inc. will host some shareholders at its Austin, Texas gigafactory for its annual general meeting this week, amid speculation over Elon Musk's succession planning.
( 16
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A younger generation of financial advisors is ready to make their mark on the industry. Here's how they can set themselves apart.
( 23
min )
Microsoft's purchase of Activision Blizzard, which was blocked by U.K. regulators last month, is the biggest consumer tech acquisition in more than two decades.
( 18
min )
There aren’t many houses for sale, and that’s partly because of the 14 million mortgage holders who took advantage of ultra-low interest rates in 2020 and 2021.
( 18
min )
JC Parets of AllStarCharts rejoins The Express to help us find where the bulls are running across the entire global stock market, and shares his favorite wines for the Spring season.
( 15
min )
Cemex, Albermarle, and Patriot Battery lead for value, growth, and momentum, respectively
( 20
min )
Newmont, the world’s largest gold mining company, acquired Australian rival Newcrest Mining Ltd. for $19.2 billion in the industry’s biggest deal to date.
( 16
min )
Learn about common metrics used in risk measurement and how to use risk management techniques to assess the risk associated with an investment.
( 24
min )
Most mortgage averages moved slightly up, after two days of decline. The movement was minor for most loan types, though jumbo 30-year rates rose a full eighth of a point.
( 20
min )
A furnisher is a company that provides information about a consumer, including credit history, to a credit bureau. Learn how furnishers work.
( 21
min )
The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to deny credit to an applicant based on any factor unrelated to the person's ability to repay.
( 26
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Working capital, or net working capital (NWC), is a measure of a company’s liquidity, operational efficiency, and short-term financial health.
( 28
min )
“Chattel mortgage non-filing insurance” refers to a type of insurance product purchased by chattel mortgage providers and other financial firms.
( 18
min )
Finance is the study and management of money, investments, and other instruments. Learn about the basics of public, corporate, and personal finance.
( 37
min )
Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft hoog en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.
( 3
min )
De Nederlandsche Bank (DNB) heeft de afgelopen maand voor bijna 15 miljard euro aan goud, munten en bankbiljetten verhuisd naar een opslag in Zeist, meldt de centrale bank maandag. Daar bevindt zich sinds kort het nieuwe zogenoemde DNB Cashcentrum.
( 4
min )
De Raad van State heeft stevige kritiek op de begrotingsplannen van het kabinet. De belangrijkste adviseur van het kabinet waarschuwt dat het kabinet met de forse uitgaven "dicht langs de vangrail" stuurt. "Er zijn daardoor geen buffers voor het opvangen van eventuele financiële tegenvallers."
( 5
min )
De twee te bouwen lng-terminals voor de kust van het Duitse Rügen worden bijna de helft kleiner. De capaciteit van 18 miljard kubieke meter is niet meer noodzakelijk nu de energietekorten zijn afgewend. Ook was er protest tegen de drijvende terminals.
( 3
min )
Windmolens op zee bij Borssele en Egmond aan Zee hebben zaterdag vier uur lang stilgestaan omdat massale vogeltrek boven de Noordzee was voorspeld. Zo hadden de vogels een veiligere doortocht, zegt minister Rob Jetten (Klimaat en Energie). Deze stap zou wereldwijd voor het eerst zijn gezet.
( 4
min )
Xbox-maker Microsoft mag van de Europese Commissie gamesbedrijf Activision Blizzard overnemen. Toch blijft het nog maar de vraag of de overname kan doorgaan; het is onzeker of de autoriteiten in het Verenigd Koninkrijk en de Verenigde Staten ook akkoord gaan met de grootste overname ooit in de gamesindustrie.
( 4
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De Europese Commissie beslist waarschijnlijk in de komende dagen of Microsoft Call of Duty-ontwikkelaar Activison Blizzard mag overnemen. Maar zelfs met Europese toestemming staat de grootste overname ooit in de game-industrie op losse schroeven.
( 5
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Het Bundeskartellamt gaat onderzoeken of een aantal Duitse energieleveranciers misbruik heeft gemaakt van het prijsplafond bij de oosterburen. Mogelijk dat de leveranciers meer subsidie hebben gevraagd dan waar ze recht op hadden. De toezichthouder sluit niet uit dat er meer onderzoeken volgen.
( 3
min )
De Europese economie zal meer groeien dan verwacht, volgens de Europese Commissie. Het dagelijks EU-bestuur rekent op een groei van 1,1 procent in plaats van 0,9 procent. Daarmee zakt de angst voor een recessie verder weg.
( 4
min )
Klanten van Vattenfall met een variabel contract krijgen vanaf 1 juli tarieven die onder het prijsplafond liggen. Eerder verlaagden andere leveranciers, waaronder Eneco en Essent, hun tarieven ook al tot onder die grens.
( 4
min )
De aandelenbeurs in Istanboel is maandagochtend meer dan 6 procent gezakt. Dat komt door de onduidelijkheid over de toekomst van het land, nu er nog geen duidelijke winnaar is bij de Turkse presidentsverkiezingen.
( 2
min )
De Argentijnse regering wil met een pakket maatregelen de inflatie van maar liefst 109 procent bestrijden. Zo gaat de rente verder omhoog, moet de eigen valuta worden ondersteund en wil het Zuid-Amerikaanse land nieuwe deals maken met schuldeisers.
( 3
min )
De energiemarkt krabbelt op, maar dat heeft ook minder leuke kanten. Consumenten moeten namelijk oppassen voor de agressieve en misleidende manier waarop energieleveranciers nieuwe klanten proberen te werven.
( 3
min )
Linda Yaccarino volgt Elon Musk op als hoogste baas van Twitter, een half jaar nadat hij het sociale medium heeft gekocht. Ze is een grote naam in de wereld van de tv-reclame en belichaamt twee dingen waar Musk een hekel aan heeft: reguliere media en reclame.
( 4
min )
Directeur Klaas Knot van De Nederlandsche Bank waarschuwt voor een loon-prijsspiraal als de lonen te veel doorstijgen. Wat is dit precies?
( 3
min )
De energietoeslag voor studenten blijft een heikel punt voor gemeenten. Studenten slepen gemeentes voor de rechter, vaak met succes. Wat is er aan de hand en komt er nog een échte oplossing?
( 5
min )
The statute of frauds is a legal concept that stipulates that certain types of contracts must be executed in writing to be valid.
( 23
min )
The Wilcoxon test, which refers to either the rank sum test or the signed rank test, is a nonparametric test that compares two paired groups.
( 19
min )
Learn the values of futures contracts and the initial margin a trader must place in an account to open a futures position as well as maintenance margin.
( 18
min )
Human resources (HR) is the company department charged with finding, screening, recruiting, and training job applicants, as well as administering benefits.
( 21
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The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy.
( 25
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EBITA is a measure of a company’s real performance. It can be more informative than bottom-line earnings.
( 22
min )
Additional insured is a type of status associated with general liability insurance that provides coverage to other individuals/groups not initially named.
( 24
min )
Bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure and about examples of bank failures.
( 23
min )
You can get the maximum credit score by taking steps to reduce your debt and prove you can make payments reliably. Learn how lenders interpret credit scores.
( 25
min )
Insolvency is a situation in which an individual or company cannot pay off bills and debts. Learn about the insolvency process, how it works, and how to avoid it.
( 24
min )
Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively
( 19
min )
Checkout at the grocery store is finally getting a less painful as inflation starts to abate—unless you need baby formula.
( 16
min )
Owners’ equivalent rent (OER) is the amount of rent that would need to be paid to substitute a currently owned house as a rental property.
( 20
min )
Find out the companies that made the list of the 10 biggest startups by valuation, according to a recent report published by Recode.
( 21
min )
Alternative dispute resolution (ADR) is, in an insurance sense, a number of disparate processes used by insurers to resolve claims and contractual disputes.
( 23
min )
(Bloomberg) -- Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his business — and perhaps the tech industry.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Chan
( 43
min )
(Bloomberg) -- Newmont Corp. agreed to buy Newcrest Mining Ltd. in a deal worth about A$28.8 billion ($19.2 billion) including debt, consolidating the US miner’s status as the world’s biggest gold producer.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpNewcrest holders
( 40
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ONEOK Inc agreed to buy Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the company said on Sunday. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit. The deal is expected to be accretive to earnings per share beginning in 2024, with EPS accretion of 3% to 7% per year from 2025 through 2027, ONEOK said in a statement.
( 38
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The deal would be the largest ever in the gold-mining industry.
( 26
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(Bloomberg) -- Energy infrastructure company Oneok Inc. will buy Magellan Midstream Partners L.P. in a cash-and-stock transaction valued at around $18.8 billion including assumed debt, according to a joint statement.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpEach Ma
( 39
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If you’re going to be forever known for one thing, being the ‘man who broke the Bank of England’ is a description many would sign up for. That is how George Soros is regularly introduced, and the story involves how he bet against the British Pound in 1992 and pocketed $1 billion from the trade in a single day. Of course, Soros’ legendary reputation does not rest solely on that headline-grabbing act, and the billionaire investor has had a decades-long career of almost unmatched investing success.
( 42
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In a letter seen by The Wall Street Journal, Republican attorneys general say the bank closed accounts and asked questions before reinstating them.
( 39
min )
RBC Capital Markets said "in the near term, we believe gold looks like the best hedge in the more immediate offing."
( 40
min )
Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure. The post TuSimple stock delisted from Nasdaq due to unfiled financial reports appeared first on FreightWaves.
( 40
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First-quarter earnings from Home Depot, Cisco Systems, Take-Two, Target, Walmart, Alibaba, Applied Materials, Ross Stores, and Deere. Plus, retail sales and leading economic index.
( 23
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The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.
( 40
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Bitcoin high priest and MicroStrategy chair Michael Saylor predicts the number one cryptocurrency “will chop its way up—with volatility—forever.”
( 40
min )
It's going to be another busy week for investors as regional banks continue to wobble, the debt ceiling looms and economic data flows. Corporations are also hosting annual meetings.
( 41
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(Bloomberg) -- Tiger Global Management is seeking to offload hundreds of millions of dollars worth of private companies into the secondary market, according to people with knowledge of the matter. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyTurkey Latest: Polls Close, Count Begins in Knife-Edge ElectionG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West
( 38
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(Bloomberg) -- The fear-driven selloff that’s cut the stock-market values of some banks in half may look like a perfect chance to buy the dips. If only they’d stop falling. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutBiden Says Debt Talks Move Along as Parties Discuss ChangesAs shares
( 41
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(Bloomberg) -- Argentina is preparing a set of emergency measures, including raising its key interest rates by 600 basis points to 97% on Monday, as inflation spirals out of control in the run up to presidential elections, according to officials at the Economy Ministry and the central bank.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Ru
( 38
min )
The FDA’s potential approval of an over-the-counter oral contraceptive could mean a huge market for generic drugmaker Perrigo.
( 27
min )
Even though most market watchers would agree that a recession is looming over the next hill, there are still stocks that ‘tick the right boxes,’ flashing buy-signs for investors. The Smart Score tool from TipRanks is perfect for sorting these choices from the pack. The Smart Score algorithm measures every stock according to a set of key metrics, 8 in all, that include a series of sentiment gauges as well as fundamental and technical factors, all of which are known to correlate with future outper
( 44
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On both sides of the Atlantic, people have recently been acutely worried about how the banking system would cope with higher interest rates.
( 40
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Many Americans don't feel financially confident. In fact, a recent study found that you'd need to earn around $128,000 to have financial confidence.
( 39
min )
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone. The post Reality of ocean container volume far cry from China reopening hype appeared first on FreightWaves.
( 43
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While no one is immune to financial hardships, new research from financial services firm Edward Jones suggests that perhaps those in the millennial generation are particularly vulnerable. In a survey of financial advisors, 43% of the experts polled said that … Continue reading → The post Edward Jones: Millennials Are the Most Likely to Experience Financial Hardship appeared first on SmartAsset Blog.
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The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.
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Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively
( 21
min )
The New York State Common Retirement Fund is third-largest public pension in the U.S.
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It is hardly a coincidence that the demographic which benefited most from the old system has also expressed the most anxiety about changing it.
( 42
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Larry Cook, 76, wired $ 3.6 million to possible scammers abroad. The bank reported him to adult protective services, but continued wiring his money.
( 43
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Fund managers have the lowest exposure to stocks relative to bonds since 2009.
( 25
min )
The pandemic led first to a boom, and now a bust, in tax collections.
( 27
min )
Cadbury needed to be taken over to improve its flagging business, the chief executive of its US owner has claimed.
( 43
min )
Amazon has made major changes to its logistics operation aiming to reduce travel distance resulting in faster delivery and lower costs.
( 39
min )
Kaseya CEO Fred Voccola discusses issues facing the technology sector and shares how his Miami-based company is finding success on 'The Big Money Show.'
( 38
min )
Personeel in de zorg, het onderwijs en het openbaar bestuur ging vorig jaar het vroegst met pensioen. Wie werkte in de landbouw, visserij en dienstverlening bleef juist het langst doorwerken. Dat blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Oliebedrijf Shell doet lang niet genoeg om zich te houden aan de uitspraak in de klimaatzaak die Milieudefensie in 2021 heeft gewonnen. Het bedrijf heeft voor het leeuwendeel van de CO2-uitstoot nog altijd geen goed reductieplan, stelt de milieuorganisatie.
( 4
min )
Koffiedrinkers stappen door de hoge inflatie steeds vaker over op goedkopere soorten koffie. Daardoor is er meer behoefte aan de robustasoort, die doorgaans goedkoper is dan arabicakoffie. Maar boeren hebben steeds meer moeite die vraag bij te benen.
( 4
min )
De Europese Unie krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.
( 7
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Europa krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.
( 7
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(Bloomberg) -- Treasury traders will be on high alert in the coming week for signs out of Washington on whether the US will careen toward a market-upending default — or will clinch a last-gasp debt deal once again.Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance
( 40
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(Bloomberg) -- Companies are seizing the opportunity to sell more bonds as rates march higher and the economy slows. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaEuropean borrowers raised the most debt in over
( 40
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The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.
( 25
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(Bloomberg) -- The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, according to Elaine Stokes at Loomis Sayles. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of Americ
( 41
min )
Crypto enjoyed a short rally after the release of the CPI on Wednesday, but a strengthening dollar pulled prices back down. fs
( 39
min )
The head of Revolut’s UK operations accidentally texted a disgruntled customer to say he would be waiting for him “in the garden with my shotgun”, it is claimed.
( 39
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(Bloomberg) -- The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as soon as June 1. You’d think stock-market investors would be anxious about the uncertainty — but you’d be wrong.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutFlorida’s Money Man Thr
( 40
min )
The US's rivals are trying to unseat the dollar. Some of the biggest names in investing think it's unlikely that they'll succeed.
( 39
min )
Americans are not feeling good about their financial standing when it comes to preparing for retirement. Workers and retirees are nearly as worried about making their retirement money last as they were during The Great Recession, according to a new … Continue reading → The post More Workers Worry They Can't Afford to Retire appeared first on SmartAsset Blog.
( 39
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What are your thoughts on Roth conversions if you are in the highest tax bracket and plan to be there moving forward? -Joel If you ask some financial professionals, the answer to this question might be a resounding no, and … Continue reading → The post Ask an Advisor: I'm in the Highest Tax Bracket and ‘Plan to Be There Moving Forward.' Should I Do a Roth Conversion? appeared first on SmartAsset Blog.
( 40
min )
While more people are opting into online banking, it's possible that you may still need to write or deposit paper checks from time to time. Depositing paper checks to your own bank account can be as simple as handing them … Continue reading → The post Can I Deposit a Check for Someone Else? appeared first on SmartAsset Blog.
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The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.
( 40
min )
According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are … Continue reading → The post How to Pay for Nursing Home Care With Social Security appeared first on SmartAsset Blog.
( 40
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If you're buying an investment property, it may make sense to buy it using a limited liability corporation (LLC). While there are certain hurdles you'll have to clear, buying a house with an LLC can have many legal and financial … Continue reading → The post How to Buy a House With an LLC appeared first on SmartAsset Blog.
( 41
min )
Tufan Erginbilgic has replaced senior management and is renegotiating billions of dollars in contracts. He says there is more work to be done.
( 23
min )
Even as some key indicators stabilize for midsize lenders, their shares remain under pressure.
( 26
min )
(Bloomberg) -- As the US economy teeters on the brink of recession, Wall Street is already enduring what could turn out to be the most prolonged corporate profits downturn in seven years. Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyYellen Says ‘We Have to Default’ on Something If Congress FailsTesla Recalls Virtually Every Car It Has Sold in ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoElon Musk Picks Linda Yaccarino
( 41
min )
Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.
( 33
min )
There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.
( 43
min )
The only person to ever hold the title of BlackRock CEO says he has no imminent plans to retire—but he is grooming several executives who could take the reins.
( 22
min )
Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold.
( 26
min )
Banks will be forced to run onerous affordability checks on their own mortgage customers as the City regulator hits them with more red tape.
( 39
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Austin Russell is on quite a run. The 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told The Wall Street Journal earlier today that he is buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800 million. According to the WSJ, Russell's stake includes the remaining portion of the company owned by its namesake family, which sold 95% of the company to the Hong Kong-based investor group Integrated Whale Media back in 2014.
( 40
min )
The dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban from some U.S. lawmakers regarding concerns about potential Chinese government influence over it. Yintao "Roger" Yu said in a complaint filed on Friday in San Francisco state court that the Chinese tech company engaged in a "worldwide scheme to steal and profit from the content of others" without seeking permission. When Yu raised these concerns to higher management, he said they dismissed them and asked him to hide the illegal program, especially from employees in the United States, as it had stricter IP laws and class actions.
( 38
min )
The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely be open to such mergers, Treasury Secretary Janet Yellen said on Saturday. Yellen told Reuters she was not seeing evidence of pressure on smaller community banks, which had a large percentage of insured deposits. However, she said a certain degree of consolidation in the regional and midsize banking sector could occur.
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(Bloomberg) -- A former executive at TikTok parent ByteDance Inc. who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data, a backdoor channel that he said persisted even after US user data was walled off from individual engineers in China.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsThis New Airline Is Raising the Bar, From First Class to EconomyFlorida’s M
( 40
min )
The Federal Reserve is "on track" to doing what is necessary to meet the two mandates Congress has given it, Fed Governor Philip Jefferson said on Friday: bring inflation down and enable Americans who want jobs to get them. The Fed has raised its benchmark interest rate five full percentage points over the past 14 months. Inflation by the Fed's preferred measure has eased from 7% last summer to 4.2%, and unemployment has fallen to 3.4%, the lowest since 1969.
( 38
min )
After plunging, its shares look attractive. The company is drawing crowds with its plush, high-tech driving ranges.
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min )
A Treasury bill (T-Bill) is a short-term debt obligation issued by the U.S. Treasury and backed by the U.S. government with a maturity of less than one year.
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Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.
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The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.
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Big Blue is a long-standing nickname for the IBM corporation, a global technology company based in the US.
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While LeBron James earned most of his money through basketball, partnerships with Nike, PepsiCo, and Walmart, as well as real estate investments, have helped jump-start his earnings
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Compass shares gained 47% for the week as the company said it expanded national market share and would be free cash-flow positive starting in the second quarter
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Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.
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Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.
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Ongeveer de helft van alle nieuwe auto's die in Nederland worden verkocht, zijn SUV's. Gemiddeld rijden Nederlanders in steeds grotere auto's. Dat leidt tot extra gebruik van energie en grondstoffen, waardoor de klimaatdoelen lastiger haalbaar worden. Ook voor de verkeersveiligheid pakken de grotere wagens slecht uit.
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Vakbonden zetten de onderhandelingen op scherp om meer aandacht te krijgen voor hun zaak: compensatie van het koopkrachtverlies van werknemers. Maar het blijft vaak bij dreigen, want er zijn de laatste tijd veel cao's afgesloten. Van een stakingsgolf is geen sprake.
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A former executive fired from TikTok’s parent company ByteDance made a raft of accusations against the tech giant Friday, including that it stole content from competitors like Instagram and Snapchat, and served as a “propaganda tool” for the Chinese government by suppressing or promoting content favorable to the country’s interests. The allegations were made in a complaint Friday by Yintao Yu, the head of engineering for ByteDance’s U.S. operations from August 2017 to November 2018, as part of a wrongful termination lawsuit filed earlier this month in San Francisco Superior Court. Yu claims he was fired for disclosing “wrongful conduct” he saw at the company.
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Sentiment readings sink amid high interest rates, debt-ceiling crisis, and inflation worries. Good news on jobs can’t dispel the gloom.
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(Bloomberg) -- Austin Russell, a 28-year-old automotive technology tycoon, acquired an 82% stake in Forbes Global Media Holdings, parent of the well-known business magazine.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoThis New Airline Is Raising the Bar, From First Class to EconomyElon Musk Picks Linda Yaccarino as Next Twitter CEOTesla Recalls Virtually Every Car It Has Sold in C
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The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the U.S. Transportation Department (USDOT), sources briefed on the matter said on Friday. It was not clear if any of the personal information had been used for criminal purposes. USDOT said in a statement to Reuters that the breach did not affect any transportation safety systems.
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Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday showed. Soros purchased shares of Tesla and electric truck startup Rivian in 2022 and bought $35 million of Tesla convertible bonds in 2018.
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Here are seven major companies whose stocks moved on the week’s news.
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The deal struck by 28-year-old Austin Russell values the business publication at close to $800 million.
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(Bloomberg) -- George Soros’s investment firm cut holdings in electric-vehicle makers, slashing a stake in Rivian Automotive Inc. after a 90% share decline and eliminating an investment in Tesla Inc.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually
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The automotive tech billionaire has agreed to acquire 82% of Forbes, which includes the remaining portion of the company owned by the Forbes family, the joint statement to Reuters said. Russell will not be involved in the day-to-day operations of the company, the statement said, adding that capital for the acquisition is independent of his stake in Luminar.
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QVT Financial disclosed a large stake in rare-earths miner MP Materials. Hestia Capital won four seats on the board of shipping-services firm Pitney Bowes.
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Elon Musk is taking a reduced role at Twitter after naming a CEO. Now investors are worried he might do the same at Tesla.
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The S&P 500 currently sits 14% below the all-time high of 4,793, which was reached at the end of 2021. However, if a Bank of America prediction is about to play out, new highs will be attained early next year. BofA’s technical research strategist, Stephen Suttmeier, points to specific bullish indicators indicating that the S&P 500 could climb to 4,900 by next March. This represents a potential uptick of 18.5% from current levels. The signals Suttmeier is referring to revolve around breadth, or t
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(Bloomberg) -- America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century. Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaProducer
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Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.
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Big Tech stocks like Apple and Tesla are lifting the major indexes. Small-caps are suffering, but look cheap.
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(Bloomberg) -- Canada’s main oil-producing region in northeastern Alberta faces an increased risk of wildfires as temperatures rise over the weekend, provincial officials said. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America,
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Airbnb Inc.‘s initial public offering (IPO) on Dec. 10, 2020, had the hotel industry bracing for impact as the online marketplace shattered records and claimed its position as one of the most valuable IPOs in history. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The hospitality industry could only watch in awe as the sharing economy giant’s market value soared. Shares in the company opened at $144.71 on the N
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The Google CEO thinks A.I. could have a massive impact on the labor market—he also thinks A.I. is the most "profound" thing that humanity is working on.
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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.
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"We are short units of Icahn Enterprises and have initiated a short position in IEP bonds," Hindenburg announced on Thursday.
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Accounting majors in the class of 2023, the first to enter a postpandemic professional world, will find no shortage of demand for their services as the industry grapples with a scarcity of candidates. They will, however, find starting salaries to be relatively low compared with other possible professions and an evolving workplace experience.
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There is a lot of hype around the potential of AI these days. Fueled by the rise of ChatGPT and the subsequent race for AI supremacy, all the Big Tech gang are looking to get a piece of the action. There’s no danger of the opportunity being overhyped, according to Rosenblatt analyst Hans Mosesmann. In fact, the 5-star analyst knows exactly which company is best positioned to benefit the most from this huge development. “We see Nvidia (NASDAQ:NVDA) driving the biggest technology inflection the wo
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With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.
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Weeks ago, Icahn's arch rival Bill Ackman commented on the irony of an activist being pursued by an active campaign.
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(Bloomberg) -- The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaYellen Says ‘We Have to Default’ on Something If Congress FailsRi
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Insider's Phil Rosen looks into the Wall Street mogul's latest comments on the economy and looming debt default.
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Truist Securities analyst Andrew Jeffrey initiated coverage of SoFi Technologies stock with a Buy rating and $8 price target in a Friday report.
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Vietnamese electric car maker VinFast will list in the U.S. by merging with a SPAC—Black Spade Acquisition Co.—to expands its U.S. footprint to meet growing EV demand
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Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., is not one to hold back his opinions. In the last couple of years, he has taken aim at Bitcoin, labeled stock brokerages as “gambling parlors,” and compared meme stock traders to heroin addicts. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families And in a recent interview with the Financial Times, he did not shy away from criti
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This week, we've put together a list of 2.75+ scored stocks that also pay dividends with upwards of a 2.5% yield and which have been upping their payout for 10+ years. Pharmaceutical behemoth Pfizer (NYSE:PFE) is a household name, but did you know it’s also a dividend powerhouse? The company’s payout stands at a fantastic 4.3%, and it has raised its dividend annually for the last dozen years in a row.
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Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.
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Polestar is the latest EV start-up to reduce production guidance for 2023.
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Consumers are spending more modestly on home improvement, and that is weighing on the stock price of Home Depot and Lowe's.
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NBCU earlier announced she was leaving, effective immediately.
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SVB's collapse has highlighted the risk of banks losing deposits, a concern for Schwab as higher rates give customers reason to move their money elsewhere.
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Cash value life insurance is permanent life insurance with a cash value savings component. Learn more about what cash value life insurance is and how it works.
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The Australian Bureau of Statistics (ABS) is the country of Australia's independent national statistical office.
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U.S. equities ended the week with a losing session on Friday, May 12, 2023 as a report showed consumer sentiment sank.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
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Nike, JP Morgan and Boeing led the Dow lower, while IBM kept riding the AI wave
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An Iron Condor is an options strategy that allows traders to profit in a non-directional market.
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Employers' liability insurance covers businesses against claims by employees who have suffered a job-related injury or illness, or who file lawsuits.
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The median down payment was still 72% higher in the first quarter of 2023 than it was in the pre-pandemic first quarter of 2020.
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First Solar shares jumped over 25% after the maker of solar panels bought Swedish solar thin film manufacturer Evolar for up to $80 million.
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President Biden nominated Fed Governor Philip Jefferson to be the Fed vice chair, replacing Lael Brainard.
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With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
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The State Street Investor Confidence Index measures institutional investor confidence. It is derived from looking at the risk taken by institutional investors.
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Vietnamese electric car maker VinFast will list in the U.S. by merging with a SPAC—Black Spade Acquisition Co.—to expands its U.S. footprint to meet growing EV demand
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KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.
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Consumer sentiment plunged this month as Americans became more concerned about the health of the economy.
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The savings rate is the percentage of money taken from personal income and saved.
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Light & Wonder, PENN Entertainment, and Luckin Coffee are the top consumer discretionary stocks for best value, fastest growth, and most momentum, respectively.
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Many of these banks have a Main Street presence, but their private banking divisions cater to their wealthiest customers.
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The International Petroleum Exchange (IPE) was a London-based exchange for futures and options on several energy-related commodities.
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Elon Musk said he picked a Twitter CEO, a move that could allow him to focus more on Tesla, which on Friday was forced to recall more than 1.1 million vehicles in China.
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Averages for every fixed-rate mortgage type dropped for a second day, with the 15-year average giving up almost a quarter point to sink to a four-week low.
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Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
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Linda Yaccarino wordt de nieuwe baas van Twitter, heeft Elon Musk vrijdag aangekondigd. Yaccarino is groot geworden in de wereld van de tv-reclame en werkte hiervoor bij mediabedrijf NBC Universal. Samen met haar gaat Musk werken aan "X , de alles-app".
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